Pennsylvania Lawyer Convicted in Insider Trading
A former partner at the law firm Fox Rothschild was found guilty on Friday of engaging in insider trading after learning that a client at his law firm was about to announce a merger, according to a Reuters report.
A federal jury in Philadelphia convicted Herbert Sudfeld, 64, on charges of securities fraud and making a false statement.
The Doylestown, Pennsylvania-resident faces a maximum sentence of 25 years in prison, according to the U.S. Attorney’s Office in Philadelphia.