Ex-SAC Trader Says Feds' $276M Insider Case Lacks Facts

Law360, New York (April 30, 2013, 3:51 PM EDT) -- Former SAC Capital Advisors LLP portfolio manager Mathew Martoma on Monday accused prosecutors of relying on “inferences and innuendo” to charge him with running a $276 million insider trading scheme — the largest sum ever alleged in such a case — saying an indictment lacked basic information about the alleged tips.

Martoma asked a New York federal court to order the government to provide a so-called bill of particulars laying out its charges in more detail. Martoma pled not guilty in January to earning SAC more...
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