A key witness testified in Matthew Martoma's insider trading scandal that he provided Martoma with confidential information about a drug trial.
A former SAC Capital Advisors trader wants to cite in court some 2012 testimony given by the hedge fund's founder Steven Cohen, claiming it rebuts the government's case.
U.S. prosecutors do not have enough evidence to file insider trading charges against hedge fund manager Steven A. Cohen before a July deadline, the WSJ reported.
Hedge fund advisory firm CR Intrinsic Investors has agreed to pay the SEC a record $600 million-plus to settle insider trading charges.
Former SAC Capital hedge fund manager Mathew Martoma was charged with three counts of conspiracy to commit securities fraud on Friday.