Two Manhattan attorneys were disbarred yesterday by the Appellate Division, First Department, as a result of felonies connected with separate scandals. Matthew H. Kluger was disbarred after his December 2011 guilty plea to insider trading charges. He was sentenced last year to 12 years in prison in New Jersey federal court (NYLJ, June 6, 2012). Kluger admitted to misusing insider information about corporate deals that he learned while working as an associate at a series of large law firms: Cravath, Swaine & Moore; Skadden, Arps, Slate, Meagher & Flom; Fried, Frank, Harris, Shriver & Jacobson; and Wilson Sonsini Goodrich & Rosati. He and two co-conspirators, former stock trader Garrett Bauer and mortgage broker Kenneth Robinson, were found to have netted about $37 million.
Justices Luis Gonzalez (See Profile), David Saxe (See Profile), Leland DeGrasse (See Profile), Helen Freedman (See Profile) and Nelson Roman (See Profile) sat on the panel in Matter of Kluger, M-3721.
David J. Loglisci was disbarred after his March 2010 guilty plea to securities fraud. He admitted that as chief investment officer of New York’s state pension fund he helped steer investments toward people who contributed to the campaign of former state comptroller Alan Hevesi, the fund’s sole trustee, or who paid fees to Hevesi’s political advisor, Henry Morris. Loglisci was sentenced to a conditional discharge in October. Hevesi was released from prison on parole last month after serving 19 months. Justices Angela Mazzarelli (See Profile), John Sweeny (See Profile), Karla Moskowitz (See Profile), Dianne Renwick (See Profile) and Freedman comprised the panel in Matter of Loglisci, M-4464.