Martoma Case Shows Insider Trading Defense Far From Easy

Law360, New York (February 7, 2014, 8:32 PM EST) -- Despite Goodwin Procter LLP’s best efforts, former SAC Capital Advisors LP manager Mathew Martoma was convicted on Thursday, becoming the 79th defendant found guilty of insider trading in Manhattan federal court in the last four years and underscoring the difficulty law firms face in defeating such cases.

The guilty verdict prolonged a remarkable winning streak for U.S. Attorney for the Southern District of New York Preet Bharara, whose office has charged 89 defendants with insider trading since August 2009. Of those individuals, 79 have either pled...
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