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Lawyer Kluger Gets 12 Years, Bauer 9 for Insider Trades

Attorney Matthew Kluger was sentenced to 12 years in prison for insider trading, the longest term ever imposed for that crime and one that exceeds the 11 years given last year to Galleon Group LLC co-founder Raj Rajaratnam.

Trader Garrett Bauer, who joined Kluger in a scheme that prosecutors said generated $37 million in illegal profit, also was sentenced yesterday, getting a nine-year term. Kluger, 51, stole corporate merger tips from four law firms over 17 years and passed them to middleman Kenneth Robinson, who gave them to Bauer, 44. Robinson will be sentenced today.