A former associate at Thacher Proffitt & Wood faces up to five years in prison after he pleaded guilty Thursday in Eastern District of New York federal court to an insider trading scheme involving his father, brother and a childhood friend who worked at Ernst & Young.
The 29-year-old attorney, Amir Rosenthal, his co-defendants and several others named in a civil securities complaint earned as much as $3.7 million by trading on inside information provided by Rosenthal’s 62-year-old father, Zvi, a former executive at Taro Pharmaceutical Industries, Ltd., according to prosecutors and the Securities and Exchange Commission.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]