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Newfound SAC E-Mails Given Martoma as Steinberg Heads to Trial

SAC Capital Advisors LP e-mails and other documents found on “newly discovered” backup tapes from 2007 and 2008 were turned over to a former fund manager accused of insider trading, his lawyer said.

Mathew Martoma’s legal team received 114,757 pages of the documents this week at the goverment's instruction from SAC's lawyer, said Martoma's attorney, Richard Strassberg, in a letter yesterday to U.S. District Judge Paul Gardephe in Manhattan. Strassberg is seeking a two-week delay of Martoma’s Jan. 6 trial. He said he needs the additional time to analyze the new evidence and prepare witnesses.