Williams & Connolly Hires Ex-GC Who Paid $6.5M in Insider Trading Probe

The former general counsel of investment bank UBS AG has rejoined Williams & Connolly, despite something of a blemish on his record—an agreement to pay $6.5 million to resolve an insider trading probe.

David Aufhauser, who is also a former general counsel of the U.S. Treasury, joined the Washington, D.C., law firm some time in the last year, the American Lawyer reports.

New York officials had claimed Aufhauser ordered his broker to sell his auction rate securities minutes after receiving an e-mail in December 2007 warning of trouble in the market. The settlement with the New York Attorney General’s office called for Aufhauser to give up a $6 million bonus he received and to pay a $500,000 civil penalty.