Former SAC Manager Won't 'Flip' In Insider Trading Case

Law360, New York (December 21, 2012, 6:40 PM EST) -- Former SAC Capital Advisors LP portfolio manager Mathew Martoma will not "flip" and cooperate with authorities in their investigation of an alleged $276 million insider trading scheme at the hedge fund, his attorney said Friday, the same day prosecutors indicted Martoma over the alleged dealings.

Martoma's attorney Charles Stillman of Stillman & Friedman & PC indicated his client did not intend to make a plea deal or cooperate with the government in its case accusing Martoma of earning the hedge fund over a quarter of a...
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