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6-month prison sentence served to ex-lawyer for insider trading

Cooperation with federal prosecutors saved him from more jail time

Cooperation with prosecutors did not equal a get-out-of-jail-free card for Brien Santarlas, a former lawyer at Ropes & Gray, who was sentenced on Wednesday to six months in prison for insider trading.

Santerlas and Arthur Cutillo, also a lawyer with Ropes & Gray, were accused of providing information about potential mergers to an insider-trading ring in exchange for cash, the Wall Street Journal reports. Among the deals they squealed on were Bain Capital’s bid for 3Com Corp. and a bid by TPG Capital to acquire Axcan Pharam Inc., both in 2007

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