A Brazilian lawyer pleaded guilty in U.S. court on Wednesday to insider trading after profiting off information about a $1.7 billion deal involving a client of his former law firm, Gibson, Dunn & Crutcher.
Romero Cabral da Costa Neto, 33, entered his guilty plea in Washington, D.C., federal court, two months after his arrest. He is scheduled to be sentenced on Dec. 20.
Source: Brazilian lawyer pleads guilty to insider trading while at Gibson Dunn law firm | Reuters
