In April 2014, I wrote here about the SEC’s case against Steven Metro, a clerk at law firm Simpson Thacher & Bartlett, who allegedly using the firm’s computer system to access confidential information about 13 separate transactions on which Simpson Thacher served as an adviser. The SEC charged that Metro passed this inside information on to a stockbroker who used Metro’s tips to generate illicit profits of $5.6 million. I noted that the Metro case was just “the latest reminder that law firms must look beyond just the lawyers and staff that are working on a specific case or deal to protect that client’s information.”
