MANHATTAN (CN) - A federal jury on Friday convicted former Ernst & Young partner James Gansman, an attorney, of passing inside information to investment banker Donna Murdoch, who reaped more than $300,000 from it. Murdoch already pleaded guilty and testified at Gansman's trial, in which he was found guilty on six of 10 counts.
Gansman obtained the inside information from Ernst & Young's work advising companies on mergers and acquisitions. He was the partner in charge of human resources consulting that Ernst & Young provided for the deals, prosecutors said.
Gansman, 48, of New York, N.Y., faces up to 20 years in prison and a $5 million fine on each count at his Oct. 1 sentencing.
Subscribe to Closing Arguments
Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.
Additional Reads
-
Alaska, Hawaiian Airlines April 17, 2024 -
-
Contributor-Test-Post-2024-04-12 April 12, 2024 -
