Sid Gilman, the University of Michigan neurologist linked to
an insider trading case, has resigned his university position. Gilman, 80 was
named by authorities as the person who leaked data to Mathew Martoma, 38, an
SAC Capital Advisors LP hedge fund manager charged with insider trading. Gilman
quit his university post on Nov. 27th.
Gilman had been paid $1,000 an hour to act as a consultant
to Martoma and in 2008 allegedly gave the hedge fund manager details of a
clinical trial for an Alzheimer’s drug being developed by Wyeth LLC. The
neurologist treated Martoma as a “friend and pupil” while leaking him secret
data for 18 months, authorities said….
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