Elite corporate lawyers accused of earning millions on insider trading, using bizarre code like, ‘How’s the rabbi?’

Israel

A ring of elite corporate lawyers were accused of illegally trading on inside info about blockbuster deals over a decade, using a bizarre code that referred to one merger as a “rabbi” as they raked in tens of millions of dollars in ill-gotten profits, according to federal prosecutors . Nicolo Nourafchan, a former mergers-and-acquisitions attorney at Goodwin and Latham, was accused of raiding confidential law-firm databases for secret deal documents tied to at least two dozen corporate