Government's Insider Trading Net Snags Simpson Thacher Clerk

, The Am Law Daily


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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