Convicted Ex-Simpson Thacher Tipper Gets Opening On Fine

Law360, New York (October 11, 2017, 5:37 PM EDT) -- A New Jersey federal judge ruled Wednesday that a former clerk at Simpson Thacher & Bartlett LLP who has been convicted of insider trading is liable for related civil offenses, but set the stage for penalty talks with the U.S. Securities and Exchange Commission.

Steven Metro pled guilty to securities fraud in 2015 and was sentenced to almost four years in prison in 2016, but he has clashed with the SEC on one of the three civil counts against him and the fine he should be...
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