Ex-SAC Manager Admits To Insider Trades In Jiau Trial

Law360, New York (June 3, 2011, 6:20 PM EDT) -- An alleged recipient of illegal tips from former Primary Global Research LLC consultant Winifred Jiau told jurors Friday in New York that he engaged in insider trading while working at hedge funds Sonar Capital Management LLC and SAC Capital Advisors LP.

Noah Freeman testified that information he received from Jiau was “extremely” helpful in his making $5 million to $10 million in profits on trading in graphics chip maker Nvidia Corp. and breaking even on trades in Marvell Technology Group Ltd.

At the time, in 2007...
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