Wed, Oct 1, 2014
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

Banner

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. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is