Evercore Partners decided Friday not to comment during the sentencing hearing of former Senior Managing Director Frank “Perk” Hixon Jr., who pleaded guilty in April to insider trading.
The court asked the Evercore lawyer if she wanted to comment, and she refused.
The founder of Evercore, Roger Altman, resigned from the Treasury Department in 1994 after allegedly telling President Clinton’s staff about a confidential Resolution Trust Corp. investigation into Whitewater.
Hixon admitted he profited from stock in companies he was advising for Evercore. Upon discovering his actions, Evercore fired Hixon last winter.
US Judge Ronnie Abrams sentenced him Friday to 30 months in jail.
Hixon has also agreed to pay Evercore $1.2 million in restitution.