Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Saturday, April 13, 2024 | Back issues
Courthouse News Service Courthouse News Service

Canadian Attorney Admits Inside Trading

MANHATTAN (CN) - Canadian attorney Stanko Grmovsek pleaded guilty Tuesday to taking more than $2 million in illegal inside trading. Grmovsek admitted he got inside information about acquisitions from a law school classmate in the Toronto office of Dorsey & Whitney, who is identified only as CC-1. The U.S. Attorney's Office says it was part of the largest criminal inside trading case in Canadian history.

Grmovsek, 40, of Ontario, shared some of the $2 million with CC-1, according to the complaint. He faces up to 5 years in prison at his Nov. 23 sentencing.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.