Raymond Dirks, Whose Tipster Case Redefined Insider Trading, Dies at 89
Raymond L. Dirks, a maverick Wall Street analyst who was accused of insider trading by securities regulators but then vindicated by the U.S. Supreme Court as a whistle-blower in a major fraud, died on Dec. 9 in Manhattan. He was 89.His death was confirmed by his brother, Lee. He died in a nursing home, where he had lived since being diagnosed with dementia in 2018.Mr. Dirks, whom Bloomberg News once called “arguably Wall Street’s most famous securities analyst,” figured in exposing one of the largest corporate frauds in American history.He was a 39-year-old senior vice president of Delafield Childs, a…
