For lawyers from large firms charged with insider trading, 2011 has been a banner year. Two such cases-one involving a former Nixon Peabody counsel, the other involving a partner from top Canadian firm Davies Ward Phillips & Vineberg-saw recent developments.
In the first case, a federal judge in Washington, D.C., sentenced former Nixon Peabody counsel Melissa Mahler to two years probation last week for making false statements in the course of an insider trading probe, according to sibling publication The National Law Journal. Mahler, whose law license in New York has been suspended for two years, left Nixon Peabody in 2005, and was immediately suspended without pay after the firm was informed of an SEC investigation into her acquisition of 10,000 shares in client Teleplus before the company’s merger with an online travel company.
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