Bakers partner charged with stock fraud
A partner at Baker & McKenzie has been indicted on charges that he participated in a stock fraud scheme that netted two overseas short-sellers $55m (£27m), writes the New York Law Journal. According to an indictment unsealed on Friday (19 October) by federal prosecutors in the Eastern District of New York, Martin Weisberg, an M&A partner in Bakers' New York office, helped Israeli investors Zev Saltsman and Menachem Eitan gain access to hundreds of millions of discounted but restricted shares in two companies he represented.
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