Matthew H. Kluger was sentenced to 12 years in prison for his role in a scheme that carried on for nearly two decades and was made possible in large part by his employment at Cravath, Skadden, Fried Frank and Wilson Sonsini.
June 06, 2012 at 12:00 AM
1 minute read
Former attorney Matthew H. Kluger was sentenced on June 4 to 12 years in prison for his role in a massive insider-trading scheme that carried on for nearly two decades and was made possible in large part by his position as an associate with a series of Am Law 100 firms.
According to Bloomberg, his prison term is the longest ever imposed for insider trading, exceeding the 11-year sentence given last year to Galleon Group co-founder Raj Rajaratnam.
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