US lawyer accused of stealing and trading on info from top law firms
Wilson Sonsini Goodrich & Rosati, has been charged with stealing confidential information that yielded tens of millions of dollars of insider trading profits over the past 17 years. According to the charges, Kluger stole and traded upon confidential information about deals involving blue-chip companies such as Oracle, Intel and Hewlett-Packard.
It is alleged that, over the course of his career, Kluger stole information from Wilson Sonsini, Cravath Swaine & Moore and Skadden, Arps, Slate, Meagher & Flom and passed the information on to a New York trader named Garrett D. Bauer, who is also accused of insider trading.
The two face criminal prosecution by the US Attorney for New Jersey and civil charges from the Securities and Exchange Commission.