Tue, May 23, 2017
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. Opalesque Exclusive: Time to invest in robotics? (part 1)[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The London-based, Swiss-born manager of the RoboCap UCITS Fund, talks to Opalesque about investing

  2. Investing - Hedge funds have been selling big winners this year, Hedge funds are betting $1 billion that Snapchat shares are going to drop, Here are the biggest bets made by top hedge funds in the first quarter[more]

    Hedge funds have been selling big winners this year From CNBC.com: Hedge fund managers' most popular stock to start the year has been a familiar name that is falling short in terms of performance, while the least popular companies all have been crushing the market. Procter & Gamble

  3. Investing - Third Point's Loeb surfs on as hedge fund washout continues, George Soros has added to his losing bets against the stock market, Hedge funds, VCs and the CIA are throwing money at ex-Bridgewater data scientists' startup, Hedge funds shed retail amid fears of "apocalypse"[more]

    Third Point's Loeb surfs on as hedge fund washout continues From Reuters/Nasdaq.com: Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, sa

  4. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  5. Opalesque Roundtable: Rise of high-frequency trading in Europe a challenge for traditional asset managers[more]

    Komfie Manalo, Opalesque Asia: The rise of high-frequency trading in Europe, dominating over 80% of the market, has become a challenge for traditional asset managers especially when it comes to risk management, said Philippe Malaise, chairman of advisory firm