Feds, Steinberg Want Jurors Questioned On $1.2B SAC Pact

Law360, New York (November 7, 2013, 2:05 PM EST) -- Prosecutors and former SAC Capital Advisors LP manager Michael Steinberg have asked a New York federal judge to question jurors for an upcoming insider trading trial about their knowledge of the hedge fund's guilty plea and $1.2 billion settlement, according to a Wednesday court filing.

The joint request — widely expected in the wake of SAC’s landmark settlement — comes as the parties are preparing for trial beginning Nov. 18. Prosecutors allege Steinberg traded on confidential information about Dell Inc. and Nvidia Corp. while he was...
To view the full article, register now.




Case Information

Case Title

Magistrate judge case number: 

Case Number



New York Southern

Nature of Suit

Date Filed

February 6, 2012

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.