Martoma Jury Ends 1st-Day Deliberations With No Verdict

Law360, New York (February 4, 2014, 7:46 PM EST) -- A New York federal jury ended its first day of deliberations Tuesday in the insider trading case against former SAC Capital Advisors LP manager Mathew Martoma without reaching a verdict, though jurors submitted a note asking the judge to clarify an important issue of securities law.

The jury of seven women and five men began their deliberations Tuesday at noon and ended for the day just after 5 p.m. Prosecutors allege Martoma earned SAC $275 million by trading on inside information about the clinical trial for...
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