The pair exchanged information on some of Simpson Thacher’s biggest clients, including Tyco and Sirius X, and the law clerk’s transgressions reaped him a mere $168,000.
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Simpson Thacher Law Clerk Arrested for Insider Trading
As part of a recent crackdown on trusted corporate-deal players who leak market-moving information, the FBI last week arrested a Simpson Thacher & Bartlett law clerk and a Morgan Stanley broker on insider trading charges. So reports the New York Times’ Dealbook.
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