Feds Say Fund Chiefs Were At Top Of Insider 'Criminal Club'

Law360, New York (November 13, 2012, 9:06 PM EST) -- Former hedge fund managers Todd Newman and Anthony Chiasson tapped a ring of finance professionals to obtain confidential financial figures for Dell Inc. and other tech companies, prosecutors said Tuesday at the start of their insider trading trial.

Newman, a former portfolio manager at Connecticut-based hedge fund Diamondback Capital Management LLC, and Chiasson, the founder of the defunct Level Global Investors LP, were at the end of a corrupt chain of analysts and insiders passing sensitive information, prosecutors said in opening statements in New York federal...
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