Jeffery J. Temple was information systems and security manager at Richards Layton & Finger, Delaware's biggest corporate law firm, from 2002 until October.
That put him near the center of the legal mergers and acquisitions business, one of little Delaware's biggest moneymakers, since the state's business-friendly Chancery Court is the preferred dispute resolution center for more than half the Fortune 500 and other Delaware-registered corporations.
Federal investigators say Temple tried to get himself and his family a piece of the action:
The Securities and Exchange Commission's Philadelphia office yesterday charged Temple and his brother-in-law, Benedict Pastro, with using inside information housed on law firm employer's computers to illegally profit from deals involving his bosses' clients.
Temple "traded in advance of at least 22 prospective mergers and/or acquisition-related announcements," and collected "illegal profits exceeding $88,300." Pastro also traded on at least 12 of the deals, "realizing profits of more than $94,000."