We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ex-Fox Rothschild Atty's Trading Trial Hangs On Deal Reports

Law360, Philadelphia (February 1, 2016, 7:33 PM EST) -- Prosecutors in an insider trading trial scheduled to begin Tuesday in Philadelphia will face a steep challenge as they aim to prove that an ex-Fox Rothschild LLP real estate partner used confidential information about the firm’s work, and not press reports, to trade ahead of a $760 million insurance industry merger.

Securities attorneys told Law360 that Herbert Sudfeld, who was slapped with a four-count indictment in July, is likely to try to persuade the jury that his allegedly illegal trades were based on published reports that...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.