Stolen BigLaw Deal Data Allegedly Fueled Multimillion Insider Trading Scheme

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Source: Law360
Stolen BigLaw Deal Data Allegedly Fueled Multimillion Insider Trading Scheme
Photo: Law360
TL;DR

Federal prosecutors unveiled indictments alleging a wide-scale insider-trading scheme that used nonpublic mergers-and-acquisitions information stolen from major law firms to net tens of millions in profits, tying deals at companies like Actelion, Amazon, Anadarko, eBay, iRobot, Johnson & Johnson, Occidental Petroleum and Permira to traders.

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