Analyst Accused Of Tipping SAC Granted Bail

Law360, New York (August 02, 2013, 7:35 PM ET) -- A former research analyst charged with providing insider information about Microsoft Corp. and Yahoo Inc. to SAC Capital Advisors was freed on bail Friday following his first New York court appearance.

U.S. Magistrate Judge Frank Maas granted bail for Sandeep Aggarwal, a 40-year-old Gurgon, India, resident, under the condition that he provide a $500,000 bond secured by $50,000 in cash.

Aggarwal, who was arrested July 29 in California, appeared in court in a gray suit and white shirt, backed by his wife, who has agreed to...
To view the full article, register now.