Posted on May 8, 2009 by Thomas Withers

Former Paul Hastings Lawyer Pleads Guilty

Bloomberg reports that a former tax lawyer at Paul Hastings Janofsky & Walker, LLP, in New York, plead guilty yesterday to federal charges of insider trading. Eric Holzer, was a tax associate at the Paul Hastings offices in New York, according to Bloomberg.

Holzer, 34, entered a plea to conspiracy and securities fraud in federal court in Manhattan for trading on illegal tips given to him by Matthew Devlin, a former Lehman salesman, who had stolen the information from his wife.

Paul Hastings reports that the charges were unrelated to Holzer’s duties and that they had cooperated with the government.

Holzer faces up to 18 months in prison, and agreed to forfeit $119,000.

 

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