A former associate at Thacher Proffitt & Wood faces up to five years in prison after he pleaded guilty Thursday to an insider trading scheme involving his father, a brother and a childhood friend who worked at Ernst & Young. Attorney Amir Rosenthal, his co-defendants and several others named in a civil securities complaint earned as much as $3.7 million by trading on inside information provided by Rosenthal's father, a former executive at Taro Pharmaceutical Industries, according to prosecutors and the SEC.
Former Thacher Proffitt Associate Admits Role in Insider Trading Scheme
New York Law Journal
February 9, 2007