Dorsey Partner Fired Amid Insider Trading Probe

Law360, New York (May 9, 2008, 12:00 AM EDT) -- Dorsey & Whitney LLP has fired a mergers and acquisitions partner in its Toronto office after learning he was tied to an investigation for alleged insider trading.

The Minneapolis-based firm terminated Gil I. Cornblum on Thursday. Cornblum has come under scrutiny by the U.S. Securities Exchange Commission for allegedly playing a role in insider trading activity on certain mergers and acquisitions deals that the firm worked on as legal counsel.

The firm said it was notified of the inquiries on April 24 and launched its own...
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