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...
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