Convicted Hedge Fund Head Says Trading Info Was Public

Law360, New York (January 5, 2012, 5:43 PM EST) -- A former Jefferies Group Inc. hedge fund manager convicted of receiving insider stock tips from a UBS AG employee asked the Second Circuit on Thursday to overturn his guilty verdict, arguing that the information he had was available in newspapers.

Joseph Contorinis, 47, was sentenced in December 2010 to 72 months in prison and ordered to forfeit over $12 million in money he and his hedge fund made from what prosecutors say was an insider trading ring led by a then-employee of UBS' mergers division, Nicos...
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