Feds Inch Closer To SAC's Cohen As Martoma Convicted

Law360, New York (February 6, 2014, 7:51 PM EST) -- The government’s decisive win Thursday against former SAC Capital Advisors LP manager Mathew Martoma brings it one step closer to billionaire hedge fund owner Steven Cohen, long considered the ultimate target of a historic insider trading crackdown.

A New York federal jury found Martoma guilty of an insider trading scheme that prosecutors have called the largest in history. The government alleged Martoma culled inside information from two doctors about the clinical trial of an experimental Alzheimer’s drug being developed by Wyeth Ltd. and Elan Corp. Upon hearing that the trial had gone poorly, prosecutors contend, Martoma directed SAC to unwind its...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!