"Former Gibson Dunn Attorney Faces Insider Trading Charges"

A former attorney at the top 10 Biglaw firm, Gibson Dunn, has been charged with insider trading. Romero Cabral Da Costa Neto, a visiting attorney from Brazil, allegedly accessed confidential client information from within the firm's internal filing system to make trades ahead of a major pharmaceutical M&A deal. He purchased over 10,000 shares of CTI BioPharma Corp before the deal was publicly announced and reportedly made a profit of over $42,000. Costa also accessed other nonpublic deal information and traded on that information as well. Gibson Dunn is cooperating with authorities and has terminated its relationship with Costa.