Former Paul Hastings tax associate Eric A. Holzer on Tuesday was spared a prison term for trading on inside information on two corporate transactions in 2005. The guidelines called for a sentencing range of between 12 and 18 months in prison, but Southern District of New York Judge Victor A. Marrero said he agreed with the probation department's assessment that this was "a good person who made a terrible mistake" and ordered Holzer to spend nine months in a halfway house, on weekends if he chooses.
September 30, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Former Paul Hastings tax associate Eric A. Holzer on Tuesday was spared a prison term for trading on inside information on two corporate transactions in 2005.
Southern District of New York Judge Victor A. Marrero ordered Holzer to spend nine months in a halfway house, on weekends if he chooses, although the guidelines range for his crimes, as well as the U.S. Department of Probation, called for a minimum of one year behind bars.
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