Saturday, December 07, 2013

Ex-SAC trader points to Cohen testimony in insider trading case

A former SAC Capital Advisors trader, Mathew Martoma, is set to go on trial next month on insider trading charges, wants to cite in court some 2012 testimony given by the hedge fund's founder Steven Cohen, claiming it rebuts the government's case.

The ex-SAC portfolio manager is scheduled for trial on January 6. He filed court papers late Friday seeking to use testimony given by Cohen to the U.S. Securities and Exchange Commission in May 2012.

+Bob DeMarco