Hedge Fund Chief May Regret Plea Talks At Insider Tips Trial

By Ian Thoms (July 30, 2012, 8:00 PM EDT) -- When he goes on trial in Manhattan on Tuesday, hedge fund founder Doug Whitman will argue he thought the information he got from technology company insiders was public, but experts say he will struggle to sell that story to jurors, given what he told prosecutors during earlier plea negotiations.

Whitman, the head of California-based Whitman Capital LLC, told prosecutors during two December 2010 proffer sessions with prosecutors that he had received inside information about Polycom Inc. and Google Inc., according to a government motion. Whitman is also accused of trading on inside information about Marvell Technology Group Ltd.

"That's going to...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!