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Elan Corporation PLC

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  • NEW YORK, June 27- Mathew Martoma, a former SAC Capital Advisors portfolio manager convicted of insider trading, should be sentenced to a "substantial" term of prison beyond the eight years recommended by probation officers, U.S. prosecutors argued Friday. In court papers filed in New York federal court, prosecutors urged U.S.

  • SAN DIEGO June 23- Dublin, Ireland- based Alkermes Plc has the low-tax domicile currently in vogue among multinational pharmaceutical companies but is not interested in being bought out as it nears the launch of new drugs, its chief executive said on Monday.

  • NEW YORK, May 28- A prison sentence approaching 20 years would be an appropriate punishment for Mathew Martoma, a former SAC Capital Advisors LP fund manager convicted of insider trading, U.S. court officials said, prompting his lawyers to object strenuously.

  • NEW YORK, May 28- U.S. court officials said Mathew Martoma may deserve a record prison term for insider trading, perhaps approaching 20 years, prompting strenuous opposition from lawyers for the former SAC Capital Advisors LP fund manager.

  • In total, SAC Capital has agreed to pay $1.8 billion to resolve criminal and civil probes into insider trading. SAC Capital also agreed to be placed on probation for five years, and employ a compliance consultant, former federal prosecutor Bart Schwartz.

  • In total, SAC Capital has agreed to pay $1.8 billion to resolve criminal and civil probes into insider trading. SAC Capital also agreed to be placed on probation for five years, and employ a compliance consultant, former federal prosecutor Bart Schwartz. The sentencing marks the end of an era for SAC Capital, which by last year had managed $15 billion of assets.

  • NEW YORK, Feb 28- Former SAC Capital Advisors LP portfolio manager Mathew Martoma asked a U.S. judge to throw out his insider trading conviction, saying federal prosecutors did not prove he committed a crime and that improper evidence and jury bias tainted the verdict. The request submitted late Thursday night in the U.S. District Court in Manhattan was expected.

  • NEW YORK, Feb 6- Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors hedge fund, was found guilty on Thursday of engaging in what prosecutors called the most lucrative insider trading scheme in U.S. history.

  • NEW YORK, Feb 4- A jury began deliberating on Tuesday on whether to convict Mathew Martoma of insider trading stemming from trades made while working at Steven A. Cohen's SAC Capital Advisors hedge fund, in what prosecutors called the most lucrative such scheme in U.S. history.

  • Insider trading case of SAC's Martoma goes to jury Tuesday, 4 Feb 2014 | 12:20 PM ET

    NEW YORK, Feb 4- A jury began deliberating on Tuesday on whether to convict Mathew Martoma of insider trading stemming from trades made while working at Steven A. Cohen's SAC Capital Advisors hedge fund, in what prosecutors called the most lucrative such scheme in U.S. history.

  • Martoma, Strassberg added, was the victim of a "rush to judgment" by investigators whose true target was Steven A. Cohen, the founder of SAC Capital, who has not been criminally charged.

  • U.S. asks jurors to convict SAC's Martoma Monday, 3 Feb 2014 | 2:18 PM ET

    NEW YORK, Feb 3- Mathew Martoma sought out a "canary in the coal mine" to give him inside information on drug companies, a federal prosecutor said on Monday, urging jurors to convict the former SAC Capital Advisors portfolio manager of insider trading.

  • Martoma, 39, is accused of using inside information about a drug trial to trade in the stock of Elan Corp Plc and Wyeth that helped SAC Capital make profits and avoid losses of $276 million.

  • NEW YORK, Jan 27- Steven A. Cohen's ex-wife, who accused the billionaire hedge fund founder of hiding $5.5 million during their 1990 divorce, can pursue fraud claims against him but cannot go after him for racketeering, a federal judge ruled on Monday.

  • Witness: I helped Martoma with insider information Friday, 17 Jan 2014 | 3:00 PM ET
    Mathew Martoma (L) walks with wife Rosemary and his lawyer outside Manhattan federal court on Jan. 3, 2013.

    A key witness testified in Matthew Martoma's insider trading scandal that he provided Martoma with confidential information about a drug trial.

  • New catalyst for ol’ Jim Cramer fave? Monday, 16 Dec 2013 | 6:19 PM ET

    Jim Cramer has been a fan of this company for quite some time. But a good stock always needs new catalysts.

  • Ex-SAC trader to cite Cohen testimony in case Saturday, 7 Dec 2013 | 1:43 PM ET

    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.

  • Pharma's Holy Grail: The next Alzheimer's drug Thursday, 5 Sep 2013 | 2:30 PM ET
    An Alzheimer's patient

    After two decades of research, a treatment that slows or reverses the progression of Alzheimer's has proved elusive. The aging of the global population makes the need more urgent.

  • Hedge fund holdings: Top managers show their hands Wednesday, 14 Aug 2013 | 12:55 PM ET
    David Einhorn, president and co-founder of Greenlight Capital

    Wednesday marks 45 days since the end of the second quarter, or as it's known in the financial community, "13F Day." Some of the world's biggest funds report their holdings.

  • Big business near critical inflection point? Wednesday, 31 Jul 2013 | 6:53 PM ET

    A new development suggests big companies may be getting fed up with Washington. Really fed up.