Cooperator Links Steinberg Analyst To ‘Corrupt Network’

Law360, New York (November 21, 2013, 9:44 PM EST) -- A government witness on Thursday linked an SAC Capital Advisors LP analyst who worked for portfolio manager Michael Steinberg to a "corrupt network" of tech industry-oriented insider traders, opening the first day of testimony in Steinberg's insider trading trial.

Jesse Tortora, a former research analyst for hedge fund Diamondback Capital Management LLC, detailed how tips flowed from insiders at technology companies to ex-SAC employee Jon Horvath, an analyst working under Steinberg.

Tortora is the first cooperator to testify against Steinberg in what is expected to be...
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