Wilson Sonsini Scandal Brings Unwanted Glare To M&A Group
Law360, New York (September 17, 2014, 5:01 PM EDT) -- Wilson Sonsini Goodrich & Rosati met its second insider trading scandal in three years after a tech worker's Tuesday arrest for using confidential client information to guide stock buys, a troubling but not fatal sign for its renowned M&A group.
Dimitry Braverman, a systems engineer in the firm's Silicon Valley outpost, has banked more than $300,000 since 2010 by trading on nonpublic information related to Wilson Sonsini client transactions, according to a criminal complaint in New York federal court. A veteran employee of the firm's tech staff, Braverman had access to sensitive financial information about prospective deals, the document said....
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