SAC Manager Berated Consultant Over Inside Tips, Atty Says

Law360, New York (December 9, 2013, 7:49 PM EST) -- SAC Capital Advisors LP portfolio manager Michael Steinberg yelled at a consultant and made him cry when he suspected the consultant might have been supplying insider information, Steinberg's attorney said at an insider trading trial Monday.

Steinberg reportedly yelled at consultant John Kinnucan after hearing reports that Kinnucan may have dealt in insider information, Barry Berke of Kramer Levin Naftalis & Frankel LLP said in New York federal court. The anecdote appears on a tape recording of a conversation between Jon Horvath, an analyst who was...
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