"Now the Wachtell attorney referenced in the indictment as "CC-2" has a name: Avi Sutton, former Wachtell attorney and, until very recently, general counsel and chief operating officer of boutique investment bank LionTree."
"Sutton, who was an associate at Wachtell from 2013 to 2022, was identified by Reuters as the unnamed former Wachtell attorney referenced in one of the indictments unsealed last Wednesday, when prosecutors unveiled charges against 30 people in the decade-long scheme. He is not among those charged and was not identified by name in the indictments."
"For those keeping score at home, the scheme at the center of this case - orchestrated by Yale Law grad and serial Biglaw firm-hopper Nourafchan and his co-conspirator Robert Yadgarov - worked like this: Nourafchan and Yadgarov recruited attorneys with access to confidential information at elite firms, paid them kickbacks of up to hundreds of thousands of dollars in cash, and then fed those tips through a layered network of traders and middlemen who placed trades ahead of nearly 30 public merger announcements, using burner phones, encrypted apps, and coded language."
"The whole thing generated tens of millions of dollars in illicit profits and is one of the largest insider trading cases charg"
A former Wachtell attorney identified as Avi Sutton was named as the previously unnamed “CC-2” referenced in an indictment. Sutton worked at Wachtell from 2013 to 2022 and later joined boutique investment bank LionTree in 2022 as general counsel and chief operating officer. Prosecutors unsealed charges against 30 people tied to a decade-long insider trading scheme connected to elite M&A. The scheme recruited attorneys with access to confidential information, paid kickbacks of up to hundreds of thousands of dollars, and routed tips through layered trading networks. Traders and middlemen placed trades ahead of nearly 30 public merger announcements using burner phones, encrypted apps, and coded language, generating tens of millions in illicit profits.
Read at Above the Law
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