Sabado, Pebrero 6, 2016

Lawyer convicted of insider trading in connection with Harleysville-Nationwide deal

A former Fox Rothschild partner was convicted Friday of insider trading after making moves with stock of Harleysville Group in advance of the 2011 announcement of a $760 million merger between the insurance carrier and Nationwide Mutual Insurance Co.

A federal jury in Philadelphia also convicted Herbert Sudfeld, 64, of Doylestown, Pa. with making a false statement and he now faces possible jail time and a fine. There is no word on when he will be sentenced.

Sudfeld was indicted last summer. At...


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