SAC Capital Advisors LP’s Michael Steinberg became the fund’s longest-serving manager to be convicted of insider trading in a U.S. victory that may increase pressure on his accused one-time colleague, Mathew Martoma, to cooperate in the probe of founder Steven A. Cohen.
SAC Capital Advisors LP fund manager Michael Steinberg had a “dizzy spell” as a jury in Manhattan federal court prepared to deliver its verdict in his insider trading case after only one day of deliberations.
SAC Capital Advisors LP fund manager Michael Steinberg, after allegedly receiving inside information about technology stocks from his analyst, “gladly took it and traded on it,” a prosecutor said as the securities-fraud trial was set to go to the jury.
SAC Capital Advisors LP fund manager Michael Steinberg was told by the judge overseeing his insider-trading trial to be prepared to say whether he will testify in his own defense after prosecutors said they expect to finish presenting evidence tomorrow.
Bernard Madoff’s ex-finance chief lied every day for 30 years and didn’t tell the truth even when pleading guilty to aiding the con man’s fraud, a defense lawyer said in the trial of five of the witness’s former colleagues.
U.S. prosecutors won the right to have the jury weighing insider trading charges against SAC Capital Advisors LP's Michael Steinberg hear that the key witness against him wasn’t just testifying against his former boss to save his own skin.
An ex-SAC Capital Advisors LP analyst, concluding his testimony at the insider-trading trial of his former boss Michael Steinberg, told the jury his cooperation with the government included a larger probe of the hedge fund.
SAC Capital Advisors LP fund manager Michael Steinberg lost a bid for the jury to be told about a secret recording that his lawyer said depicted the money manager as wary of inside information and demonstrated his innocent mindset.