Ex-SAC Manager's Insider Trading Trial Delayed To 2014

Law360, New York (September 24, 2013, 6:36 PM EDT) -- A New York federal judge agreed Tuesday to delay until next year the start of the government's $276 million insider trading case against SAC Capital Advisors LP portfolio manager Mathew Martoma to accommodate the busy schedule of Martoma's lead attorney, who is defending Countrywide in another high-profile trial over toxic mortgages.

U.S. District Judge Paul Gardephe said he would push back the start of Martoma's trial, which was scheduled to begin in early November, to January. Martoma is accused of making trades based on nonpublic information...
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