Legal Industry News
January 11, 2010
Attorney to Serve 39 Months for Insider Trading Scheme with Law School Pal
On Thursday, Stanko Grmovsek was sentenced to 39 months in prison for his role in an insider-trading scheme with his former law school roommate, Gil Cornblum. After the pair graduated from Osgoode Hall School of Law in 1994, Grmovsek began using confidential information obtained by Cornblum to make illegal trades – prosecutors say Grmovsek may have made as much as $10 million between 1994 and 2008 through insider trading.
Cornblum obtained the confidential corporate information while working as an associate at Sullivan & Cromwell and then as a partner at Dorsey & Whitney. Dorsey & Whitney fired Cornblum in 2008; he…
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