Daily Archives: January 22, 2023, 10:23 am

Split verdict in federal insider trading case involving Chicago attorney, friend –Chicago Tribune

In a split verdict, a federal jury on Thursday convicted a Chicago attorney of using insider information from a friend to make a windfall in stock purchases involving an education-technology company, while acquitting the friend on all counts. The jury deliberated for about nine hours over two days before the verdict was announced Thursday afternoon in U.S. District Judge Manish…

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Top Law Firm Can Continue Advising FTX on Bankruptcy, Judge Says – The New York Times

The big law firm had drawn fire from four U.S. senators, two FTX creditors and even the U.S. trustee appointed to oversee the case, who argued that the firm’s initial disclosures, filed in December, were incomplete. Some of the critics also complained that Sullivan & Cromwell was conflicted because it had handled some regulatory matters for FTX before the company’s…

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