Ex-SAC Trader Says Feds' $276M Insider Case Lacks Facts

Law360, New York (April 30, 2013, 3:51 PM EDT) -- Former SAC Capital Advisors LLP portfolio manager Mathew Martoma on Monday accused prosecutors of relying on “inferences and innuendo” to charge him with running a $276 million insider trading scheme — the largest sum ever alleged in such a case — saying an indictment lacked basic information about the alleged tips.

Martoma asked a New York federal court to order the government to provide a so-called bill of particulars laying out its charges in more detail. Martoma pled not guilty in January to earning SAC more...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

USA v. Martoma


Case Number

1:12-mj-02985

Court

New York Southern

Nature of Suit

Date Filed

November 19, 2012

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.