Simpson Thacher Clerk Charged With Insider Trading

Law360, New York (March 19, 2014, 12:42 PM EDT) -- A managing clerk of Simpson Thacher & Bartlett LLP and a professional stock broker have been charged with participating in a multiyear insider trading scheme that allegedly netted more than $5.6 million in illicit profits, New Jersey U.S. Attorney Paul J. Fishman announced Wednesday.

The U.S. attorney hit Steven Metro, 40, and Vladimir Eydelman, 42, with one count of conspiracy to commit securities and tender offer fraud and multiple counts of securities tender offer fraud over their insider trading scheme, which allegedly began in 2009 when...
To view the full article, register now.