Insider trading ring charged in US over M&A leak scheme

10 articles · Updated · Bloomberg · May 6

Two indictments were unsealed in federal court in Boston, alleging 30 people profited by tens of millions of dollars from tips on major deals.
Prosecutors did not name the law firms, but deal descriptions pointed to Wachtell Lipton Rosen & Katz, Latham & Watkins and Goodwin Procter.
Earlier reports said the decade-long scheme spanned about 30 transactions, led to 19 arrests and involved defendants in the US, Israel and Russia.

How did a criminal network operate undetected inside America's top law firms for a full decade?

With fugitives abroad and money hidden globally, can new US laws truly stop these complex financial crimes?