Richard Strassberg


Richard Strassberg News

  • Ex-SAC Fund Manager Martoma Found Guilty in Insider Case

    Former SAC Capital Advisors LP fund manager Mathew Martoma was found guilty in the most lucrative insider-trading scheme ever as federal prosecutors racked up a seventh conviction in their six-year probe of the hedge fund and its billionaire founder, Steven A. Cohen.

  • SAC Capital Insider Jury Seeks Testimony Favoring Defense

    The jury in the trial of former SAC Capital Advisors LP portfolio manager Mathew Martoma ended its second day of deliberations yesterday without a verdict, after asking to review testimony supporting his claim that details of a drug trial weren’t derived from inside information.

  • Martoma a Victim of Intent to Charge Cohen, Defense Says

    Former SAC Capital Advisors LP fund manager Mathew Martoma was portrayed by his lawyer as the victim of a “rush to judgment” by prosecutors looking to use him to bring insider-trading charges against his former boss, Steven A. Cohen.

  • Ex-SAC Manager Martoma’s Defense Rests in Insider Trial

    Former SAC Capital Advisors LP fund manager Mathew Martoma’s defense ended yesterday after his lawyers sought to convince jurors that the inside information he’s accused of trading on wasn’t actually secret.

  • Cohen Trading Strategy a ‘Dangerous’ Topic, Judge Says

    The judge in Mathew Martoma’s insider-trading trial warned his lawyers against questions tied to Steven Cohen’s trading strategies, saying it could open the case to a wider probe of the SAC Capital Advisors LP founder.

  • Former SAC Manager Martoma Begins Insider-Trading Defense

    Former SAC Capital Advisors LP fund manager Mathew Martoma began his defense in his trial on charges he was behind the most lucrative insider-trading scheme in history.

  • Witness Against SAC’s Martoma Says His Memory Evolved

    The government’s star witness at the insider trading trial of Mathew Martoma told a defense lawyer seeking to discredit his testimony that his memory of a key 2008 meeting with the former SAC Capital Advisors LP fund manager improved over time.

  • FBI Called Martoma ‘Grain of Sand’ Next to Cohen: Gilman

    Former University of Michigan neurologist Sidney Gilman said an FBI agent told him that he and accused inside-trader Mathew Martoma were only a “grain of sand” compared with the government’s real target, SAC Capital Advisors LP founder Steven A. Cohen.

  • Martoma Expert Witness Testimony Sought Barred by U.S.

    Testimony by one of Mathew Martoma’s expert witnesses at his insider trading trial should be barred, and another one’s curtailed, because defense lawyers failed to make adequate disclosures about what they’ll say, U.S. prosecutors told a federal judge.

  • SAC’s Martoma Harvard-Expulsion Revealed as Trial Starts

    Nine years before former SAC Capital Advisors LP fund manager Mathew Martoma engaged in what prosecutors claim was “the most lucrative insider trading scheme ever charged,” he was kicked out of Harvard Law School for faking his grades.

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