Ex-Simpson Law Clerk Pleads Guilty in Insider-Trading Scheme

  • Steven Metro admits stealing corporate tips in five-year plot
  • Tips passed to broker, who swallowed notes at Grand Central
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A former law firm clerk pleaded guilty to stealing corporate secrets and passing them to a friend, who chewed and swallowed the written notes after showing them to a broker at New York’s Grand Central Terminal.

Steven Metro, 41, once a managing clerk at Simpson Thacher & Bartlett LLP in New York, admitted Thursday to taking part in a five-year insider-trading scheme that prosecutors said made $5.6 million in profit.