Alleged Steinberg Conspirators Claim Innocence In 2nd Circ.
By Max Stendahl
Law360, New York (December 19, 2013, 12:34 PM EST) -- Two alleged co-conspirators in the insider trading case against SAC Capital Advisors LP manager Michael Steinberg asked the Second Circuit on Wednesday to reverse their convictions, arguing that prosecutors had failed to prove they knew the source of technology stock tips received some personal benefit.
The filings by Anthony Chiasson and Todd Newman came on the same day that a New York federal jury convicted Steinberg of insider trading in shares of Dell Inc. and Nvidia Corp. Prosecutors have claimed the three men were part of...