Government's Insider Trading Net Snags Simpson Thacher Clerk

, The Am Law Daily

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In the latest insider trading probe to touch an Am Law 100 firm, the Securities and Exchange Commission and federal prosecutors in New Jersey have charged Steven Metro, a managing clerk at Simpson Thacher & Bartlett, along with a Morgan Stanley stockbroker, with taking part in a $5.6 million insider trading scheme that involves some of Simpson Thacher's star private equity clients.

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