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...
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


Government Agencies

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.