M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

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Wednesday, April 6, 2011

More bad M&A lawyers...

This from NBC News:

The FBI has arrested a banker and a Washington, D.C., attorney on insider trading charges, law enforcement officials said.

Garrett Bauer was arrested Wednesday morning and was taken to the FBI offices in New Jersey. He is expected to be arraigned in federal court in Newark on the securities fraud charges. 

Washington, D.C.-based attorney Matthew Kluger [WSGR bio care of The Wayback Machine.  Nothing dies on the Internets] was also charged, officials said. 

...

Officials said for years, attorney Kluger revealed information about mergers his prominent law firm, Wilson, Sonsini, Goodnick and Rosato, was working on and they said Bauer was able to trade on that information.   

Investigators said they believe more than $30 million in illegal profits were made over the years.

This arrest comes as some Justice Department officials have called insider trading on Wall Street "rampant."

According to Reuters, authorities are describing this as a "decades long scheme."  Goodness.

-bjmq

Update:  The WSJ has uploaded the Criminal Complaint here and the  Civil Complaint here.

 

From the wiretaps...

 Wiretaps1

Hmm.  Seems like a clever fellow...

 

Wiretaps2
Riiiigghhht....

 

 

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