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An Uptick on Insider Trading Indictments

In what seems like a new arrest every day, federal prosecutors in both New York and New Jersey have sought indictments against everyone from hedge fund managers to lawyers alleging insider trading activity. At the forefront is the high-profile indictment of Raj Rajaratnam, a hedge fund manager, who is presently on trial in the Souther District of New York. Most recently, the US Attorney's Office in New Jersey indicted an attorney who once worked for Skadden Arps, with stealing secrets about upcoming and unannounced private deals, and then trading on them. The indictment alleges that this attorney's behavoir stems from the early 1990s and and involves several deals and several stocks.

If you or someone you know is being investigated or has been arrested for securites fraud, insider trading or any other state or federal crime, call Sullivan & Brill at 646.741.3856.