Securities Law

N.Y. Lawyer Sentenced

Posted Jul 24, 2007 8:50 AM CDT
By Debra Cassens Weiss

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A New York corporate lawyer has been sentenced to 33 months in prison for his role in an insider trading scheme.

Amir Rosenthal was sentenced in New York federal court on Friday, according to Dow Jones Newswires. He was a former associate at Thacher Proffitt & Wood, the New York Law Journal reports.

Prosecutors had claimed Rosenthal traded on inside information about Taro Pharmaceutical Industries provided by his father, a vice president at the company until last year. They also alleged that Rosenthal passed along some inside information to a childhood friend.

All three men pleaded guilty to one count of conspiracy to commit insider trading in February.

"There isn't a day that goes by that I wish I was stronger and made different decisions," Amir Rosenthal told Dow Jones.

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