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Ex-SAC Manager Steinberg Cites `Media Storm' in Case

A lawyer for former SAC Capital Advisors LP fund manager Michael Steinberg told a federal judge that the “media storm” of coverage about his case and founder Steven A. Cohen may hurt his chances of getting a fair trial.

Barry Berke, the lawyer, today asked U.S. District Judge Richard Sullivan in Manhattan to use a questionnaire and closely question potential jurors about media accounts and publicity surrounding the case when a jury is selected for Steinberg’s insider-trading trial, set to begin in November.

Berke said that hundreds of articles have been written about his client’s case, which is far different from the related insider-trading trial of Level Global Investors LP co-founder Anthony Chiasson and his co-defendant, former Diamondback Capital Management LLC fund manager Todd Newman, who were convicted of insider trading in December.

“I do think the press is different from the Chiasson trial,” Berke told the judge today. “There has been a lot of extraneous information that has been written about this case, SAC, Steve Cohen, SAC people who’ve pleaded guilty and other rumors.”

The case is U.S. v. Steinberg, 12-cr-00121, U.S. District Court, Southern District of New York (Manhattan).

To contact the reporter on this story: Patricia Hurtado in Manhattan federal court at pathurtado@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net

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