Tuesday, June 11, 2013

Feds Finalizing A Make Or Break Case Against SAC Capital

According to BI federal investigators are putting the final touches on an agreement that would give them access to key evidence in the case against former SAC Capital employee Mathew Martoma, the FT reports.
Last year Martoma was accused of participating in the most lucrative insider trading scheme of all time, in which he used Dr. Sydney Gilman a former professor of neurology at the University of Michigan's medical school, to get inside information on two pharmaceutical stocks.

Up until now, the University of Michigan has refused to give lawyers on the prosecution and/or the defense an encryption key to decode the files on Gilman's laptop — the one on which he allegedly stored the information he passed to Martoma….

Read all about it at: http://www.businessinsider.com/feds-reaching-deal-to-search-key-laptop-2013-6#ixzz2Vt0anUp6

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