Daily Archives: November 3, 2008, 11:48 pm

Former UBS Executive Mitchel Guttenberg Sentenced to 6 1/2 Years for Role in Insider Trading Scheme

Mitchel Guttenberg, a former executive director at UBS, was sentenced to six and a half years in prison today for his role in an insider trading scheme, SwissInfo reports. Guttenberg reportedly served on UBS’s Investment Review Committee, which approves analyst recommendations to upgrade or downgrade company shares. Prosecutors said Guttenberg tipped others about the UBS stock recommendations and pending deals…

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Former Heller Partner David Chu Joins Dechert in Hong Kong

David Chu has joined law firm Dechert as a partner in its Hong Kong office.  Chu, who was previously a partner with Heller Ehrman in Hong Kong, will join Dechert’s white-collar and securities litigation practice, Asia Legal Business reports. Dechert Chairman Barton J. Winokur stated that “David Chu’s presence will significantly enhance our capability to assist our multinational clients with…

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