PREET BHARARA, the United States Attorney for the Southern District of New York, announced that attorney ARTHUR CUTILLO was sentenced today in Manhattan federal court to 30 months in prison for his participation in an insider trading scheme in which he misappropriated material, nonpublic information (“Inside Information“) from his employer for the purpose of securities trading. CUTILLO previously pled guilty to one count of conspiracy and one count of securities fraud on January 14, 2011. U.S. District Judge RICHARD J. SULLIVAN imposed today’s sentence. U.S. Attorney PREET BHARARA said: “Attorney Arthur Cutillo exploited his access to confidential information in exchange for cash. With today’s sentence, he now joins a growing group of privileged professionals who are paying a high price for insider trading.“ According to the charging documents and court proceedings in this case: At all relevant times, CUTILLO worked at the law firm of Ropes & Gray LLP. In 2007 and 2008, he, a...