Former Dell Inc. supply manager Daniel DeVore deserves leniency for helping prosecutors in federal insider-trading probes that included SAC Capital Advisors LP fund manager Michael Steinberg, the U.S. said.
Former Diamondback Capital Management LLC analyst Jesse Tortora said he was paid a bonus of more than $2 million the year illegal tips he provided his boss on Dell Inc. helped earn the fund more than $3.8 million.
Ex-Diamondback Capital Management LLC analyst Jesse Tortora testified he was the conduit for illicit tips on technology companies that SAC Capital Advisors LP fund manager Michael Steinberg later traded on.
SAC Capital Advisors LP fund manager Michael Steinberg reaped “big money” on illicit tips on Dell Inc. and Nvidia Corp. funneled to him by his analyst, Jon Horvath, a prosecutor told a Manhattan federal jury.
SAC Capital Advisors LP money manager Michael Steinberg lost a bid to delay his insider- trading case, leaving him to face a jury next week in the first of two upcoming trials tied to the hedge fund run by Steven A. Cohen.
Former Diamondback Capital Management LLC fund manager Todd Newman, facing sentencing May 2 for his role in a $72 million insider-trading scheme, asked for a lesser sentence than the 78-month maximum prison term sought by U.S. court officials.
Former Diamondback Capital Management LLC fund manager Todd Newman was sentenced to 4 1/2 years in prison for his role in an insider-trading scheme that used tips from technology company insiders to earn $72 million.
Arrests tied to the insider-trading case involving Galleon Group LLC made obtaining illegal tips harder and often less specific, an analyst for former Diamondback Capital Management LLC fund manager Todd Newman testified.