Lawyers

• SAC's Martoma wins delay of nine-year insider trading prison term

  Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors LP hedge fund, won an order Tuesday to delay the date he would begin serving a nine-year prison term for insider trading.

• SEC to decide if investors share in $600 million SAC settlement

  The U.S. Securities and Exchange Commission will decide next week whether investors in two drug stocks at the center of the largest-ever insider trading case are entitled to compensation.

• SAC's Martoma gets nine years prison for insider trading

  Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called the most lucrative insider trading scheme in U.S. history.

• Prosecutor recommends delay of Cohen's SEC proceeding

  Assistant US Attorney Arlo Devlin-Brown said in a letter to judge Brenda P. Murray yesterday that the administrative proceeding of SAC Capital Advisors LP founder Steven A. Cohen should be on hold until all criminal cases of his employees have been resolved.

• Martoma's camp asks for sentence reduction in SAC insider trading case

  Lawyer Richard Strassberg for defendant former SAC Capital Advisors LP hedge fund manager Mathew Martoma has asked a federal judge to give a reduced sentence to the former trader considering that other defendants had only received jail terms of at least two years, Bloomberg reported.

• US Attorney's Office urges judge to approve SAC Capital $900 M Penalty

  Assistant US attorneys have submitted a motion for presiding US District Judge Laura Taylor Swain to give her approval to the $900 million it is seeking to impose on SAC Capital Advisors LP as part of their agreement to settle insider trading charges.

• Jury hands out guilty verdict in insider trading trial of ex-SAC Capital trader Martoma

  Former SAC Capital trader Mathew Martoma was found guilty of all insider trading charges. Reuters said Martoma's verdict is the eight of the insider trading convictions US authorities secured from a former or current employee of the hedge fund run by billionaire Steven A. Cohen.

• Jury's request for SAC defense witness transcript may lean to a not-guilty verdict for Martoma

  The jury was not able to wrap up their deliberations regarding their verdict on ex-SAC Capital Advisors trader Mathew Martoma, who is on trial for seeking private information in bad faith to gain an advantage in trading stocks.

• Verdict Expected In SAC Capital's Mathew Martoma's Insider Trading Case

  The 39-year-old Mathew Martoma is embroiled in what prosecutors have called the most lucrative insider trading episode in U.S. history. Martoma, who worked in SAC Capital Advisors' CR Intrinsic Investors division, is accused of using confidential information to trade stocks of the drug's developers, Elan Corp Plc and Wyeth, currently owned by Pfizer Inc.

• Prosecutor claims ex-SAC Capital portfolio manager Martoma went great lengths to conduct insider trading in closing arguments

  Assistant United States attorney Eugene Ingoglia told the jury and the court audience during his closing arguments at arguably one of the most-watched court trials that ex-SAC Capital Advisors portfolio manager Mathew Martoma wanted an early-warning system to make trades.