Tue, Sep 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Jury selection starts at Matthew Martoma’s trial

Wednesday, January 08, 2014

Komfie Manalo, Opalesque Asia:

Prosecution and defense lawyers began the tedious task of jury selection Tuesday in the trial of former SAC Capital Advisors portfolio manager Matthew Martoma who is charged with engaging the most lucrative inside trading scheme in the U.S. financial history.

According to City AM US District Judge Paul Gardephe told the 80 potential jurors to keep an open mind and steer clear of media reports while they are being considered as a juror.

The potential candidates were given questionnaires to determine if they are suited to act as jury during the trial which is expected to last more than three weeks. The trial of Martoma has generated so much interest in New York because of the high profile people and firms it involved.

A Reuters report said the jurors were asked of their knowledge about Martoma and how much information from the media have they read or heard of Cohen and SAC Capital.

One juror wrote in the questionnaire that Martoma was involved "an unsavory and corrupt industry." That juror was excused by Gardephe along with another potential juror who voiced out "political bias against Wall Street, its practices and its excessive greed." After Tuesday’s questioning, 26 potential jurors were excused by the judge a......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Nobel Sustainability Trust, Prince Albert II of Monaco help launch major new initiative to drive sustainable technologies[more]

    Matthias Knab, Opalesque: The Nobel Sustainability® Trust ("NST") is leading a major new initiative to finance, incubate and accelerate the development of clean technologies. The initiative will start with the formation of the Nobel Sustainability Fund® ("NSF"). NSF will drive faster access t

  2. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  3. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  4. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  5. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style