Hedge Fund Founder Defense Wraps Up In Insider Trading Case

Law360, New York (August 16, 2012, 7:18 PM EDT) -- Lawyers for hedge found founder Doug Whitman on Thursday attempted to tie his alleged insider trades to the fund's legitimate activities, capping off Whitman's defense before the criminal case goes to the jury.

Whitman's lawyers called an expert who testified that Whitman's trades in Marvell Technology Group Ltd. mirrored the movement of the market during the financial crisis, for example, despite the government's contention that he was using inside information gathered indirectly from executives there to make a fast buck.

The jury in the case will...
To view the full article, register now.