MINNEAPOLIS — A Marshall High School alumnus recently received a statewide recognition for his work representing two people blowing the whistle on a stock-manipulation scheme.
Court Anderson, a 1998 MHS graduate and Southwest Minnesota State University alumnus, was named one of Minnesota Lawyer’s 2021 Attorneys of the Year. Minnesota Lawyer, a newspaper focused on courts and the legal profession in the state, presented the awards in February.
“It’s quite an honor, and I’m really proud of it,” Anderson said.
Anderson and Ben Hamborg, both attorneys at the Henson Efron law firm in Minneapolis, were recognized as a team. Together, they worked for years on a court case that resulted in a multimillion-dollar whistleblower award from the Securities and Exchange Commission.
Anderson and Hamborg represented two minority shareholders in a company that went public in 2012. The company’s majority shareholders had manipulated stock prices in the first days of trading, to benefit themselves.
It took Anderson about seven years of work on the case, but in the end the clients were awarded more than $7 million — one of the largest SEC whistleblower awards in the history of Minnesota. One of the company’s co-founders, Ryan Gilbertson, was also sentenced to 12 years in prison for the stock manipulation. The fact that the case ended up resulting in criminal penalties for Gilbertson was one of the things that made it unusual, Anderson...
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