New York Paralegal Blog

NEW YORK—Zvi Goffer was sentenced today in Manhattan federal court to 10 years in prison for his participation in an insider trading scheme in which he obtained and traded on material, nonpublic information, including information misappropriated from a law firm, U.S. Attorney for the Southern District of New York Preet Bharara announced. Following a four week jury trial, Goffer was convicted in June 2011 on all counts against him, including 12 counts of securities fraud and two counts of conspiracy to commit securities fraud. Goffer was sentenced today by U.S. District Judge Richard J. Sullivan.

PREET BHARARA, the United States Attorney for the Southern District of New York, announced that CRAIG DRIMAL pled guilty today to conspiracy and securities fraud charges arising from a scheme in which he obtained and traded on material, nonpublic information, including information misappropriated from the law firm of Ropes & Gray. DRIMAL pled guilty before U.S. District Judge RICHARD J. SULLIVAN. According to the Indictment, a Complaint previously filed in this case, and statements made during today’s guilty plea proceeding: In 2007 and 2008, CRAIG DRIMAL obtained material, nonpublic information ("Inside Information") from ZVI GOFFER about several mergers and acquisitions of public companies, and traded based on that Inside Information. The Inside Information included information provided by two Ropes & Gray attorneys, ARTHUR CUTILLO and BRIEN SANTARLAS, regarding the potential acquisition of 3Com Corporation ("3Com") and the potential acquisition of Axc...