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