On May 11, 2017, Walter C. Little, a former partner at an international law firm, and Andrew Berke were arrested and charged with insider trading. According to the complaint, Little allegedly accessed law firm documents containing material nonpublic information relating to seven different companies, including information related to a client’s anticipated delisting from the NASDAQ exchange, pending M&A transactions and anticipated earnings announcements for multiple clients, and a client’s planned securities offering. Little allegedly traded on the information contained in these documents and made a profit of more than approximately $320,000. According to the complaint, Little also provided the information to Berke, his business associate and friend, who allegedly traded on the information and made more than approximately $660,000 in profits. United States v. Little et al., (S.D.N.Y.).