Lawyer pleads guilty to NYC insider trading charge
Lawyer Blogs
A lawyer has pleaded guilty to an insider trading charge in New York City, raising to 20 the number of defendants who've done so in what authorities call the largest hedge fund insider trading case ever.
Jason Goldfarb told a Manhattan federal court judge Thursday he made a "horrible mistake" by agreeing to accept money and arrange for secrets about mergers and acquisitions to be passed to a securities trader.
Goldfarb was among more than two dozen people charged. He pleaded guilty to conspiracy and securities fraud. Sentencing is Aug. 19.
Goldfarb's 2009 arrest came as part of the Galleon Group hedge fund prosecution.
Galleon founder Raj Rajaratnam (rahj rah-juh-RUHT'-nuhm) is on trial now. Prosecutors say the Sri Lanka-born Wall Street heavyweight used "corporate spies" to get rich off inside trades. He insists he was merely a savvy investor.
Related listings
-
Appeals court revives Blackwater shooting case
Lawyer Blogs 04/22/2011An appeals court on Friday resurrected the case against four Blackwater Worldwide guards involved in a 2007 shooting in a Baghdad public square that killed 17 Iraqi citizens.A federal trial judge in Washington, Ricardo Urbina, threw out the case on N...
-
Ohio court weighs greed vs. public right to know
Lawyer Blogs 04/21/2011A citizen activist says he was wronged by the failure of a small Ohio city to give him 20 years of 911 tapes he sought, which were long ago recorded over. The city says he can prove no harm and that he didn't even want the tapes — he wanted the thous...
-
Appeals court revives lawsuit over dirty TN inmate
Lawyer Blogs 04/20/2011A federal appeals court has revived a lawsuit that claims that an inmate at a privately run jail was denied mental health treatment and did not shower or leave his segregated cell for nine months.The U.S. 6th Circuit Court of Appeals said last week t...
New York Commercial Litigation Law Firm - Woods Lonergan PLLC
Founded in 1993 by Managing Partner James F. Woods, Woods Lonergan PLLC has built a strong reputation as a resourceful and industrious firm that provides clients with clear, concise, and straightforward answers to their most challenging legal issues. Partner Lawrence R. Lonergan, who joined the firm in 2008, has been a friend and colleague to Mr. Woods for over 40 years and shares the same business philosophy. Woods Lonergan PLLC’s collective experience and expertise enables the firm to expeditiously and effectively analyze the increasing challenges clients face in an evolving business and legal world, in many instances, avoiding unnecessary time and expense to our clients. Our mission is simple: provide cutting-edge expertise and sound advice in select areas of the law for corporate and business clients. We thrive on providing each client with personalized attention, forceful representation, and a collaborative team effort that embraces collective knowledge.