A former attorney for Dorsey & Whitney was cleared Thursday of insider-trading charges in London after a jury acquitted two co-defendants in the case.
The judge told the jury to find Andrew Rimmington not guilty after they gave their verdicts on the other two men. Rimmington, who formerly was a partner in the London office of the Minneapolis-based law firm, was dropped from the case by the judge last month after his brother was killed just before his defense was scheduled to start.
Andrew King, the former CFO of Novartis AG's NeuTec unit, and Michael McFall, a former mergers lawyer at McDermott Will & Emery were cleared by a London jury after two hours of deliberation.
The prosecution alleged that King gave McFall an early warning about Basel, Switzerland-based Novartis's plan to purchase NeuTec Pharma Ltd., and that McFall gave the information to Rimmington. King testified that he never gave out unauthorized information.
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