The trader and lawyer duo have apparently been going at it for "decades."
A lawyer and a trader have been charged in a $32 million insider-trading scheme that revolved around the theft of information from three prominent law firms, federal prosecutors said Wednesday. Matthew Kluger, who most recently worked at Wilson Sonsini Goodrich & Rosati, and Garrett Bauer, a trader, have been arrested in the decades-long scheme. The information was passed by Mr. Kluger to a third co-conspirator, who then gave it to Mr. Bauer. Information was stolen from Wilson Sonsini, as well as Cravath Swaine & Moore and Skadden, Arps, Slate, Meagher & Flom. Mr. Kluger for all three firms at various times.