Wednesday, December 14, 2011

Former Big Law Lawyer Pleads Guilty to Insider Trading

Matthew Kluger began sharing confidential information when he was a summer associate at Cravath in 1994 and continued to dole out secret tips about proposed mergers and other deals over then next 17 years, prosecutors say.
And what a window into deal-making he must have had at  Skadden, Fried Frank and, Wilson Sonsini all firms he worked at over since the mid to late 1990s.
Kluger pled guilty to participating in a long-running insider-trading scheme that prosecutors say generated more than $37 million in profits.


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