Sullivan and Cromwell offices in Midtown Manhattan, New York. Photo: Ryland West/ALM 2nd Circuit: Ex-Employee Must Pay Private Equity Company for Sullivan & Cromwell's Work During Insider Trading Probe
Prosecutors said investment analyst John Afriyie netted over $1.5 million in 2016 when he bought over 2,000 ADT call options in the two weeks leading up to MSD Capital's acquisition of the ADT Corp.
March 02, 2022 at 05:59 PM
3 minute read
White Collar Crime
The U.S. Court of Appeals for the Second Circuit has held that a former MSD Capital employee convicted of insider trading must pay the legal bills for Sullivan & Cromwell's work on behalf of the private equity company during federal prosecutors' investigation.
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