Convicted Diamondback Trader Can't Shield Backers' Names

Law360, New York (April 23, 2013, 6:52 PM EDT) -- A New York federal judge slated to sentence former Diamondback Capital Management LLC portfolio manager Todd Newman, convicted of insider trading in Dell Inc. stock, refused Tuesday to allow the names of people who wrote letters supporting Newman’s plea for leniency to remain redacted in court.

Newman’s attorneys on Thursday presented a sentencing memorandum to U.S. District Judge Richard Sullivan, asking him to impose a sentence below the minimum suggested in federal guidelines and including several letters of support from friends, family and colleagues with their...
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