SAC Capital Advisors LP founder Steven Cohen won a judge's dismissal of his ex-wife’s racketeering claim in her lawsuit alleging he defrauded her during their divorce, while a fraud claim was allowed to stand.
A doctor who supervised testing of an Alzheimer’s disease drug said he was “flabbergasted” and “shocked” at the precise information that former SAC Capital Advisors LP fund manager Mathew Martoma had about the drug trial results.
Mathew Martoma, the former SAC Capital Advisors LP manager on trial in what the U.S. called the most lucrative insider-trading scheme, received secret details of a clinical trial of an Alzheimer’s disease drug, one of two doctors who allegedly passed the tips testified.
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.
Former SAC Capital Advisors LP fund manager Mathew Martoma, on trial for insider trading, lost a bid to show jurors what founder Steven Cohen told regulators about the sale of Wyeth stock at the center of the case -- statements he argues exonerate him.
Steven Cohen’s SAC Capital Advisors LP, which is shutting down its investment advisory business after pleading guilty to securities fraud, was among the biggest winners today as shares of Intercept Pharmaceuticals Inc. almost quadrupled following a successful drug trial.
Mathew Martoma’s faked Harvard Law School transcript, which led to the former SAC Capital Advisors LP fund manager’s expulsion, is a type of transgression seen only about once every 10 years, said law professor Alan Dershowitz.