In January, 2020, the ABA held it’s convention in Austin, Texas. ABA President rallied the crowd of lawyers and judges from all over the United States who were in attendance to stand up and destroy democracy to protect themselves from public inspection and critique. Since that fateful conference, we’ve watched the courts nationwide execute their bias opinions in defiance of their oaths and canons and the rule of law. This criminal lawyer being allowed to return to practice is just another single example.
‘The personal attacks on our judges and prosecutors must cease,’ says ABA president
Former BigLaw lawyer can return to practice after prison sentence, state supreme court says
June 26, 2020
A former Fox Rothschild partner who was sentenced to federal prison for insider trading is free to practice law again, the Pennsylvania Supreme Court ruled earlier this week.
In its opinion Monday, the court granted Herbert Karl Sudfeld Jr.’s request to backdate his suspension from the state bar to April 8, 2016, the day that he was temporarily suspended after being convicted on charges that he used information overheard in his office to trade ahead of a $760 million merger between Harleysville Group Inc. and Nationwide Mutual Insurance Co. in April 2011.
Law360 and Reuters have coverage.
In his petition, Sudfeld and the court’s two disciplinary counsels argued that his “acts were motivated by a moment of financial greed, and not a widespread scheme to defraud.” They also said that during his sentencing, the judge noted his “lifetime of good deeds, volunteerism and dedication to the bar were grounds for very significant downward departure and variance.”
Sudfeld is a former president of the Bucks County Bar Association, a former member of the Pennsylvania Bar Association’s board of governors and former delegate to the Pennsylvania Bar Association, according to the petition.
He also volunteered with several community organizations.
“A four-year suspension would require respondent file a petition for reinstatement, demonstrating fitness to practice, and coincides approximately with the time conclusion of respondent’s term of federal supervision,” Sudfeld and the two counsels also said in the petition.
Sudfeld was sentenced to six months in prison and three years of federal supervision July 22, 2016. He obtained a probationary real estate license after his release in February 2018 and said in his petition that he plans to get a full real estate license.
He also said he paid the U.S. Securities and Exchange Commission $91,727 to resolve a civil lawsuit, satisfied the restitution judgment of $75,000 set by the court, and completed more than 400 hours of community service. He completed his federal supervision in March.
“Respondent is remorseful for his misconduct and understands he should be disciplined, as is evidenced by his cooperation with petitioner and his consent to receiving a four-year suspension,” according to the petition.
“An impartial judiciary, while a protean term, translates here as the state’s interest in achieving a courtroom that at least on entry of its robed judge becomes a neutral and disinterested temple, in appearance and fact – an institution of integrity..cementing the rule of law.” https://t.co/4ueuMdohoB pic.twitter.com/pIrg9UJ0D0
— LawsInTexas (@lawsintexasusa) June 28, 2020
A trial has been scheduled for the former Fox Rothschild lawyer hit with insider-trading charges stemming from the 2012 Harleysville-Nationwide insurance merger.
Bucks County lawyer Herbert Sudfeld Jr., who pleaded not guilty to the charges in July, is set to stand trial in federal court Feb. 2.
Sudfeld was indicted July 16 on charges of securities fraud and making false statements to the FBI.
He worked at Fox Rothschild during the firm’s handling of the merger and allegedly bought and sold Harleysville stock knowing that the merger was imminent, making profits of $75,500, according to the grand jury indictment.