Ex-SAC Analyst Stresses Dirty Source In Cross-Examination

Law360, New York (December 4, 2013, 6:45 PM EST) -- A former SAC Capital Advisors LP analyst turned government witness said Wednesday that his best tips for portfolio manager Michael Steinberg came from an illicit source, despite defense suggestions that some information came through legitimate channels.

Under cross-examination from a lawyer for Steinberg, former analyst Jon Horvath said information about Dell Inc. financial figures that came from a fellow hedge fund analyst were noticeably better than reads that came from within the company's investor relations department.

Steinberg faces charges of trading on illegal inside information about...
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