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BRIEF-Ex-SAC Capital portfolio manager Martoma's insider trading conviction is upheld
August 23, 2017 / 1:47 PM / 3 months ago

BRIEF-Ex-SAC Capital portfolio manager Martoma's insider trading conviction is upheld

Aug 23 (Reuters) - U.S. APPEALS COURT UPHOLDS CONVICTION OF FORMER SAC CAPITAL PORTFOLIO MANAGER MATHEW MARTOMA -- COURT RULING 2ND U.S. CIRCUIT COURT OF APPEALS UPHOLDS MARTOMA‘S CONVICTION FOR INSIDER TRADING APPEALS COURT SAYS PROSECUTORS PRESENTED OVERWHELMING EVIDENCE THAT AT LEAST ONE TIPPER RECEIVED A FINANCIAL BENEFIT FROM PROVIDING CONFIDENTIAL INFORMATION TO MARTOMA APPEALS COURT DECISION IS 2-1; DISSENTING JUDGE SAYS MAJORITY IGNORED U.S. SUPREME COURT PRECEDENTS, AND THAT MARTOMA‘S JURY INSTRUCTIONS WERE DEFECTIVE

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