Securities Law

Former Sullivan & Cromwell Lawyer Is Among Galleon Defendants


A trader who formerly worked as a mergers and acquisitions lawyer at Sullivan & Cromwell was among the 14 defendants charged today in the Galleon Group hedge fund insider-trading case.

Michael Kimmelman, 38, has since founded Incremental Capital, with another defendant in the case. However, he previously worked as an associate at the well-known New York-based law firm, according to Reuters. He graduated from the University of Southern California Gould School of Law.

Kimmelman spent less than two years at S&C and left more than a decade ago, reports another Reuters article.

As detailed in an earlier ABAJournal.com post, the defendants also include an associate of Ropes & Gray, Arthur Cutillo, 33, whose listing apparently was removed from the law firm’s website today, and a personal injury lawyer, Jason Goldfarb, 31.

Goldfarb has worked for Brecher Fishman Pasternack Walsh Tilker & Ziegler, according to Reuters.

A partner at the law firm tells the New York Law Journal that Goldfarb’s status is “unknown at this moment.”

“It has nothing to do with our firm at all,” says partner Jordan Ziegler. “What the allegations are that I read had nothing to do with the type of law we practice or the relationship to our clients. This is a personal matter. … We found out about it today when the press called.”

Earlier related coverage:

ABAJournal.com: “Secret SEC Data-Mining to Fuel New Insider-Trading Cases; Lawyers Targeted”

ABAJournal.com: “Lawyer Raided Sullivan & Cromwell Offices for Inside Info Years Ago, Court Filings Say”

Updated at 6:50 p.m. to include New York Law Journal information and additional Reuters coverage.

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