Wednesday, September 30, 2009

Associate Attorney Spared Prison for Insider Trading

Former Paul Hastings tax associate Eric A. Holzer on Tuesday was spared a prison term for trading on inside information on two corporate transactions in 2005. The guidelines called for a sentencing range of between 12 and 18 months in prison, but Southern District of New York Judge Victor A. Marrero said he agreed with the probation department's assessment that this was "a good person who made a terrible mistake" and ordered Holzer to spend nine months in a halfway house.  Source New York Law Journal.

Warmest Regards,

Bob Schaller


Your Bankruptcy Advisor Blog
By: Attorney Robert Schaller (Bob's bio) of the Schaller Law Firm

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