SAC Manager Can’t Switch Judges In Insider Trading Case

Law360, New York (May 3, 2013, 7:25 PM EDT) -- A New York federal judge who has taken a hard line on insider trading law said Friday he would not allow a criminally charged SAC Capital Advisors LP portfolio manager to go before another judge, denying the defendant’s transfer request.

U.S. District Judge Richard Sullivan said he would preside over a government case against Michael Steinberg, who is accused of trading on confidential information about Dell Inc. and Nvidia Corp. while he was a portfolio manager at SAC’s Sigma Capital Management LLC. The judge tentatively scheduled...
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