||In July 2000, Respondent was convicted in federal court of making a false statement to the Securities and Exchange Commission in violation of 18 U.S.C. § 1001. In particular, when questioned by the SEC regarding his purchase and sale of stock in Transport Holdings, Respondent gave a materially false statement by failing to disclose that he had been provided information by a representative of one of his clients, American Travelers Corporation, who had personal knowledge of ongoing negotiations regarding the purchase of Transport Holdings by Conseco, Inc.
By Order dated March 19, 2001, the Supreme Court placed Respondent on temporary suspension. By Report and Recommendation dated November 21, 2002, the Disciplinary Board recommended that Respondent be suspended for one year retroactive to the date of his temporary suspension. The Disciplinary Board noted that prior to this matter Respondent had no record of discipline during his 42-year career as an attorney. It also noted that the “conviction was the result of a single isolated statement” and that Respondent had “disgorged all profits he earned on the transaction and paid a fine.” By Order dated January 31, 2003, the Supreme Court suspended Respondent for one year retroactive to March 19, 2001. Mr. Justice Nigro dissented and would have suspended respondent for two years.