Jiau Witness Describes Vast Web Of Inside Tipsters

Law360, New York (June 6, 2011, 8:11 PM EDT) -- A former SAC Capital Advisors LP employee admitted during an insider trading trial Monday in New York to using dozens of technology company inside sources and soliciting tips from expert networking firm consultants, including defendant Winifred Jiau.

In his second day of direct testimony in Jiau's trial, former hedge fund portfolio manager Noah Freeman told jurors in a Manhattan federal court that along with using Jiau for confidential tips, he gleaned information from insiders at Broadcom Corp., Qualcomm Inc., Fairchild Semiconductor International, Texas Instruments Inc. and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.