Ex-Simpson Thacher Clerk Admits To Stealing Stock Info

Law360, New York (November 12, 2015, 5:42 PM EST) -- The former managing clerk for Simpson Thacher & Bartlett LLP admitted Thursday to stealing confidential information from the firm for use in an insider trader scheme that netted $5.6 million for himself and two conspirators, according to U.S. Attorney Paul J. Fishman.

U.S. Attorney Paul Fishman said the former clerk stole nonpublic information from Simpson Thacher related to corporate deals between 2009 and 2013. (Credit AP) Appearing before U.S. District Judge Michael A. Shipp in Trenton, New Jersey, Steven Metro, 41, pled guilty to the first two counts of an indictment charging him with securities fraud and conspiracy to commit securities...

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