A former Paul Hastings tax associate fought back tears Thursday as he admitted to securities fraud as part of an insider trading conspiracy. Eric A. Holzer admitted to earning trading profits of $119,347 from tips on pending corporate mergers and other transactions he received from a friend in 2005. Holzer had been caught on tape discussing the scheme with Lehman Brothers' Matthew Devlin, the figure at the heart of the alleged $4.8 million insider trading conspiracy.
Former Paul Hastings Associate Pleads Guilty to Securities Fraud Charges
New York Law Journal
May 8, 2009