Monday, November 25, 2019

BigLaw Senior Associate Busted for Insider Trading

BigLaw Senior Associate Busted for Insider TradingBigLaw Senior Associate Busted for Insider TradingA former senior associate at Wilson Sonsini Goodrich Rosati has been charged with insider trading. Matthew Kluger, who received his JD from NYU Law, is alleged to have provided insider tips to a third party, who passed the information on to trader Garrett Bauer. Bauer has also been arrested.Kluger purportedly began sharing inside information back in law school. The MA lawyer is alleged to have taken information from three BigLaw firms Cravath, Skadden and Wilson Sonsini. Investigators believe that Klugers information-sneak to Bauer resulted in $32 mio in profits.Whats another insider trading case, you say? The details of this case are far from ordinary and include a discussion of throwing cash in the dishwasher, paranoia at McDs and cell-phone-sniffing dog concerns. Read more details over at Vaults Finance Blog.Wall Street Journal Source Business Insider SourceRead MoreNote to Inside Traders Beware of Cell-Phone-Sniffing DogsInsider Trading Hits BigLaw AgainFOLLOW VAULT LAW ON TWITTER VaultLaw

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.