8:27 PM
Stuart Pardau Bio
A former corporate lawyer, an ex-trader and the man they used to shuttle secret tips have agreed to pay more than $32 million to settle an insider-trading case by the Securities and Exchange Commission.
Matthew Kluger, an ex-lawyer, admitted last year in a separate criminal case that he had provided confidential information about clients from various law firms dating back to his time as a summer associate in 1994. The information was passed by a middleman, Kenneth T. Robinson, to Garrett Bauer, a former trader who also pleaded guilty to criminal charges last year.
Robinson pleaded guilty to criminal charges in April 2011 and cooperated in the case, recording calls by both men.
http://blogs.wsj.com/law/2012/04/25/ex-lawyer-trader-to-pay-32-million-to-settle-sec-insider-case/
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