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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