Feds Inch Closer To SAC's Cohen As Martoma Convicted

Law360, New York (February 06, 2014, 7:51 PM ET) -- The government’s decisive win Thursday against former SAC Capital Advisors LP manager Mathew Martoma brings it one step closer to billionaire hedge fund owner Steven Cohen, long considered the ultimate target of a historic insider trading crackdown.

A New York federal jury found Martoma guilty of an insider trading scheme that prosecutors have called the largest in history. The government alleged Martoma culled inside information from two doctors about the clinical trial of an experimental Alzheimer’s drug being developed by Wyeth Ltd. and Elan Corp. Upon...
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Case Information

Case Title

USA v. Martoma


Case Number

1:12-mj-02985

Court

New York Southern

Nature of Suit

Date Filed

November 19, 2012

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