
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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