Insider Trading And The Legal Profession

This is a discussion on Insider Trading And The Legal Profession within the Attorneys & Legal Ethics forum, part of the ATTORNEYS, COURTS, LITIGATION category; Insider trading cases with private equity links are suddenly a dime a dozen, due to the Galleon scandal. The PE ...

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Old Nov 7th, 2009, 06:56 AM   #1
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Default Insider Trading And The Legal Profession

Insider trading cases with private equity links are suddenly a dime a dozen, due to the Galleon scandal. The PE connection mostly relates to Arthur Cutillo, a lawyer at Ropes & Gray, who allegedly passed on information to Zvi Goffer, the “Octo*****” of this particular ring.

According to the SEC and the Justice Department, Cutillo, together with a lawyer friend of his, Jason Goldfarb, conveyed information related to Avaya’s acquisition by Silver Lake and TPG Capital; Alliance Data Systems’ planned purchase by the Blackstone Group; Axcan Pharma’s purchase by TPG LP; and a failed bid by Bain Capital Partners LLC for 3Com Corp.

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The Morning Leverage: Insider Trading And The Legal Profession - Private Equity Beat - WSJ
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