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Dorsey & Whitney Fires Partner as Insider Trading Probe Continues

Posted May 9, 2008, 12:20 pm CDT
By Martha Neil

A Canadian partner of Dorsey & Whitney has reportedly been fired by the Minneapolis-based law firm, as an insider trading probe to which the lawyer has been linked continues.

Gil Cornblum, the fired partner, was a law school colleague of business consultant Stan Grmovsek, one of three individuals who reportedly may have made $1.1 million by trading in the stock of resource companies shortly before they became takeover targets and their share prices shot up, according to the Star Tribune, a Minneapolis newspaper. Cornblum reportedly worked in the Toronto office of the 650-lawyer firm and was fired yesterday.

The Star-Tribune says the investigation concerns three deals, but the Globe and Mail reported yesterday that 11 Canadian deals,… Continue reading...

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