A former Willkie Farr & Gallagher counsel is cooperating with prosecutors after pleading guilty to being one of the elite mergers and acquisitions lawyers who provided tips on deals to a massive insider trading ring. Gabriel Gershowitz is one of the 30 people against whom charges were unsealed Wednesday by federal prosecutors in Boston. But additional unsealed documents show Gershowitz and eight o...
A former Willkie Farr & Gallagher counsel is cooperating with prosecutors after pleading guilty to being one of the elite mergers and acquisitions lawyers who provided tips on deals to a massive insider trading ring. Gabriel Gershowitz is one of the 30 people against whom charges were unsealed Wednesday by federal prosecutors in Boston. But additional unsealed documents show Gershowitz and eight others have already pleaded guilty and are cooperating with the government. According to the indictments, as well as a parallel suit filed by the Securities and Exchange Commission on Wednesday, Nicolo Nourafchan, a 2011 Yale Law School graduate who worked at three large firms from 2013 to 2023, stole confidential deal information from those employers. He allegedly conspired with an undergraduate classmate at George Washington University, Robert Yadgarov, to recruit other corporate lawyers to tip off a network of relatives, friends, classmates and associates. “Willkie is aware that a former employee is alleged to have engaged in conduct that would constitute a severe violation of our clear and well-defined compliance policies, which we take seriously and enforce across the firm,” the firm said in a statement Thursday. “There are no allegations of wrongdoing against the firm, which has and will continue to cooperate fully with the investigation of this matter.” College Classmates The SEC identified Gershowitz in its suit as one of Nourafchan and Yadgarov’s recruits. A college classmate of theirs, Gershowitz went on to Columbia Law School and subsequently worked at a number of large firms. Though authorities didn’t identify any of the firms targeted for information, Nourafchan’s previous employers included Goodwin Procter and Latham & Watkins . Another alleged co-conspirator worked at Wachtell Lipton Rosen & Katz . Gershowitz pleaded guilty in February 2025. His sentencing, which is currently scheduled for November, has been repeatedly postponed at the request of the governmen...
The week leading up to Thanksgiving 2023 was the AI industry's biggest soap opera moment. OpenAI CEO Sam Altman was abruptly ousted from his role at the ChatGPT-maker. The explanation? That Altman was "not consistently candid in his communications with the board." Now, via witness testimony and trial exhibits in Musk v. Altman , the public is getting a concrete look behind the scenes of that drama...
The week leading up to Thanksgiving 2023 was the AI industry's biggest soap opera moment. OpenAI CEO Sam Altman was abruptly ousted from his role at the ChatGPT-maker. The explanation? That Altman was "not consistently candid in his communications with the board." Now, via witness testimony and trial exhibits in Musk v. Altman , the public is getting a concrete look behind the scenes of that dramatic weekend for the first time, much of it centered on former CTO Mira Murati. It was a unique situation in that the rollercoaster of a power play - which seemed to change every hour - took place, in many ways, publicly. The board's strikingly vague … Read the full story at The Verge.
rarrarorro President Donald Trump said he is giving the European Union until July 4, 2026, to finalize a trade agreement with the United States, warning that tariffs on European goods could rise sharply if a deal is not completed by then.
rarrarorro President Donald Trump said he is giving the European Union until July 4, 2026, to finalize a trade agreement with the United States, warning that tariffs on European goods could rise sharply if a deal is not completed by then.
boggy22/iStock Editorial via Getty Images Followers of Italian bank UniCredit ( UNCRY )( UNCFF ) will have gotten used to its habit of delivering blockbuster quarterly reports. In that sense, Q1 2026 was another wonderfully predictable period for the firm, as it once
boggy22/iStock Editorial via Getty Images Followers of Italian bank UniCredit ( UNCRY )( UNCFF ) will have gotten used to its habit of delivering blockbuster quarterly reports. In that sense, Q1 2026 was another wonderfully predictable period for the firm, as it once
eggeeggjiew/iStock via Getty Images Best Stocks for Volatility: A Barbell Approach With U.S. midterm elections now just six months away, markets are entering a period where policy uncertainty combines with seasonal volatility and lingering geopolitical uncertainty. While investors cheer all-time highs and can expect pockets of growth
eggeeggjiew/iStock via Getty Images Best Stocks for Volatility: A Barbell Approach With U.S. midterm elections now just six months away, markets are entering a period where policy uncertainty combines with seasonal volatility and lingering geopolitical uncertainty. While investors cheer all-time highs and can expect pockets of growth
Earnings Call Insights: Gray Media (GTN) Q1 2026 Management View “Today, we are very pleased to announce solid results for our first quarter of 2026 with core advertising above our previously issued guidance, political revenue at the high end of our guidance
Earnings Call Insights: Gray Media (GTN) Q1 2026 Management View “Today, we are very pleased to announce solid results for our first quarter of 2026 with core advertising above our previously issued guidance, political revenue at the high end of our guidance
Earnings Call Insights: Akebia Therapeutics (AKBA) Q1 2026 Management view "We are very pleased and excited by the start to 2026" (CEO, President & Director John Butler), highlighting three execution priorities: "drive the near-term launch performance of Vafseo," "continue to build the clinical evidence to make Vafseo
Earnings Call Insights: Akebia Therapeutics (AKBA) Q1 2026 Management view "We are very pleased and excited by the start to 2026" (CEO, President & Director John Butler), highlighting three execution priorities: "drive the near-term launch performance of Vafseo," "continue to build the clinical evidence to make Vafseo
AJ_Watt/iStock via Getty Images I was a big advocate of the JPMorgan Nasdaq Equity Premium Income ETF ( JEPQ ), having written about it regularly over the past few years, but I stopped coverage almost a year ago now. It's been since
AJ_Watt/iStock via Getty Images I was a big advocate of the JPMorgan Nasdaq Equity Premium Income ETF ( JEPQ ), having written about it regularly over the past few years, but I stopped coverage almost a year ago now. It's been since