Ex-SAC Analyst Testifies He Was Asked To Mislead FBI

Law360, New York (December 3, 2013, 7:29 PM EST) -- A former analyst for SAC Capital Advisors LP testified on Tuesday that portfolio manager Michael Steinberg asked him to mislead the FBI after the bureau began investigating insider trading at a number of hedge funds.

Ex-analyst Jon Horvath said Steinberg approached him in their hotel hallway while the two attended a 2010 conference in Phoenix and had a short discussion that straightened out their stories on inside information about Dell Inc. on which SAC allegedly traded.

Horvath testified previously that he passed confidential financial figures from...
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