Tue, Aug 22, 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: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  3. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  4. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos

  5. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq