SEC Judgment Ends Case of Ex-Foley & Lardner Partner Who Profited From Firm Secrets | The American Lawyer

Almost two years since his May 2017 arrest, the government has meted out what’s likely to be its last dose of punishment for former Big Law partner Walter “Chet” Little, who’s already serving prison time for using confidential information on Foley & Lardner’s clients to gain an investing edge.

The U.S. Securities and Exchange commission announced Friday that it secured a final judgment in Manhattan federal court against Little, 45, a former real estate and banking lawyer in Tampa, Florida, for Foley & Lardner and Bradley Arant Boult Cummings. Little and a neighbor of his, Andrew Berke, previously admitted to taking part in an insider trading scheme that collectively earned them more than $1 million in illicit profits.

via SEC Judgment Ends Case of Ex-Foley & Lardner Partner Who Profited From Firm Secrets | The American Lawyer.