White Collar Defense and Litigation Boutique Morvillo LLP Adds Former Martoma Prosecutor Eugene Ingoglia as a Partner

White Collar Defense & Litigation boutique law firm Morvillo LLP recently announced that Eugene Ingoglia, former Assistant U.S. Attorney in the U.S. Attorney’s Office for the Southern District of New York, has joined the firm as a White Collar litigation partner in New York.  As a member of the Office’s Securities and Commodities Fraud Unit, Ingoglia tried and convicted former SAC Capital portfolio manager Matthew Martoma in the government’s criminal insider trading case.  For insight on insider trading, see “Former Federal Prosecutors Share Perspectives on Insider Trading Hot-Button Issues and Enforcement Trends Relevant to Hedge Fund Managers,” Hedge Fund Law Report, Vol. 5, No. 39 (Oct. 11, 2012).  The biggest recent news in the law of insider trading is that, on December 10, 2014, the Second Circuit overturned the insider trading convictions of former hedge fund portfolio managers Todd Newman and Anthony Chiasson.  The HFLR will cover that Second Circuit decision in next week’s issue.  The HFLR previously covered the civil action arising out of the same facts and circumstances that led to the convictions of Newman and Chiasson, as well as some of the D&O insurance consequences of the litigation.  See “New York District Court Orders Insurer XL to Advance Defense Costs to Level Global Under D&O Policy,” Hedge Fund Law Report, Vol. 5, No. 27 (Jul. 12, 2012).  See also “SEC’s Insider Trading Suit against Former Level Global Trader Illustrates the Risk of Retaining a Former Public Company Employee as a Consultant,” Hedge Fund Law Report, Vol. 6, No. 47 (Dec. 12, 2013).

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