A New York stock trader pleaded guilty to participating in an insider trading scheme that relied on inside information from a corporate lawyer at four prominent law firms and spanned over 15 years, the U.S. Attorney for the District of New Jersey announced in a press release on Thursday. Garrett Bauer, 44, admitted in Newark federal court to trading on corporate merger tips from lawyer Matthew Kluger, who is accused of stealing the details from law firms where he worked, including Wilson Sonsini Goodrich & Rosati PC, known for representing Silicon Valley companies.
Read more: Accused trader admits guilt in insider case — Reuters
