Ex-SAC Manager Martoma Faces Nov. 4 Insider-Trading Trial
This article is for subscribers only.
Former SAC Capital Advisors LP portfolio manager Mathew Martoma is scheduled to go on trial Nov. 4 on charges he helped the hedge fund founded by Steven A. Cohen make $276 million using illegal tips about a drug to treat Alzheimer’s disease.
U.S. District Judge Paul Gardephe in Manhattan set the jury trial date yesterday after Martoma’s lawyer, Richard Strassberg, said at a hearing that prosecutors told him they might file a superseding or revised indictment that would include additional information. The government’s deadline to file insider trading charges in the case expires in late July.