BigLaw Senior Associate Busted for Insider Trading

by Vault Law Editors | April 06, 2011

  • My Vault

A 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 M&A lawyer is alleged to have taken information from three BigLaw firms: Cravath, Skadden and Wilson Sonsini. Investigators believe that Kluger’s information-sneak to Bauer resulted in $32 million in profits.

What's 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 McD's and cell-phone-sniffing dog concerns. Read more details over at Vault's Finance Blog.

Wall Street Journal Source
Business Insider Source

Read More:
Note to Inside Traders: Beware of Cell-Phone-Sniffing Dogs
Insider Trading Hits BigLaw Again


Filed Under: Law

Close button

Get tips on interviewing, networking, resumes, and more directly to your inbox.

No Thanks

Get Our Career Newsletter

Interview, resume and job search tips emailed directly to you.