Ignorance Could Be Bliss For SAC's Cohen In Tipping Case

Law360, New York (November 21, 2012, 5:42 PM EST) -- Prosecutors have SAC Capital Advisors LP founder Steven Cohen in their crosshairs after Tuesday’s record $276 million insider trading case against a former SAC manager, but attorneys say the government may struggle to prove the hedge fund boss even knew about the alleged tips.

The case against former SAC portfolio manager Mathew Martoma is the latest salvo in Manhattan U.S. Attorney Preet Bharara’s five-year war on insider trading. A complaint unsealed in New York federal court Tuesday alleges Martoma earned SAC more than a quarter of...
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