A New York federal judge on Thursday sentenced Walter “Chet” Little, a former Foley & Lardner and Bradley Arant Boult Cummings lawyer, to more than two years in prison after he pleaded guilty to a conspiracy charge last year in an insider trading case.
Little’s sentence, handed down by Manhattan U.S. District Judge Katherine Polk Failla, calls for the former Big Law real estate and banking partner to serve 27 months in prison and forfeit just shy of $453,000, according to the U.S. Attorney’s Office for the Southern District of New York, which prosecuted the case. The sentencing followed Little’s guilty plea in November to a charge of conspiracy to commit securities fraud.
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