Despite the efforts of defense lawyer Richard Strassberg of Goodwin Procter, Manhattan U.S. Attorney Preet Bharara claimed yet another victory on Thursday in his campaign to clamp down on insider trading. Capping a four-week trial, a jury found former SAC Capital Advisors portfolio manager Matthew Martoma guilty of using insider tips to trade shares of two drug companies.
The unanimous jury sided with prosecutors on each of their conspiracy and securities charges after two-and-a-half days of deliberations.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
