Elan Corporation PLC


  • NEW YORK, Sept 8- Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called the most lucrative insider trading scheme in U.S. history. District Judge Paul Gardephe in New York also ordered Martoma, 40, to forfeit $9.3 million.

  • NEW YORK, Sept 4- A federal judge on Thursday refused to throw out the insider trading conviction of former SAC Capital portfolio manager Mathew Martoma, saying the trial evidence "overwhelmingly demonstrated Martoma's guilt."

  • NEW YORK, Aug 14- A federal judge rejected billionaire investor Steven A. Cohen's bid to dismiss lawsuits by Elan Corp and Wyeth shareholders who claimed they lost money because his firm SAC Capital Advisors LP conducted insider trading in the drugmakers' stocks.

  • SAC still on hook in insider trading probe: Source Friday, 7 Feb 2014 | 1:03 PM ET
    Mathew Martoma, right, exits federal court with his attorney Roberto Braceras in New York, on Thursday, Feb. 6, 2014.

    The probe into insider trading continues with authorities looking at a number of funds, including SAC Capital, a source tells CNBC.

  • Witness recounts Cohen role in Martoma case Wednesday, 29 Jan 2014 | 8:33 AM ET
    Former hedge fund portfolio manager Mathew Martoma.

    SAC Capital's head trader testified that Steven Cohen had instructed him to start selling Elan stock in accounts that had "less visibility."

  • 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.

  • The wheels keep turning: Pros handicap Fed pick Tuesday, 30 Jul 2013 | 3:15 PM ET
    Janet Yellen and Larry Summers

    Who’s best for the markets, Yellen or Summers? Wall Street debates while awaiting Obama’s pick for the next Fed chairman.

  • 3 mergers Cramer says every investor must know about Monday, 29 Jul 2013 | 6:01 PM ET

    Cramer says a trio of recent deals demands attention.

  • Stocks kicked off the week on a weak note as investors hesitated to jump in ahead of the Federal Reserve meeting and a slew of key economic reports.

  • U.S. stock index futures ticked lower on Monday, ahead of the Federal Reserve meeting and another heavy week for second quarter earnings.

  • Ben Bernanke the M&A banker? Monday, 29 Jul 2013 | 8:57 AM ET

    The Federal Reserve's taper talk may have rattled the financial markets but it has had one notable beneficiary: Mergers and acquisitions.

  • Early Movers: ELAN, OMC, SKS, WYNN & more Monday, 29 Jul 2013 | 7:59 AM ET

    Some of the names on the move ahead of the open.

  • CAT's big miss  Wednesday, 24 Jul 2013 | 10:17 AM ET

    Eli Lustgarten of Longbow Research says Caterpillar is probably reaching a bottom and that if mining stabilizes it should be an up year for the stock. The key will be that earnings don't continue downward next year. Ann Duignan of JPMorgan weighs in.

  • Steve Cohen and the Hamptons pool defense Tuesday, 23 Jul 2013 | 12:47 PM ET
    Steve Cohen, chairman and chief executive officer of SAC Captial Advisors LP.

    In a highly unusual, 46-page white paper, lawyers for Steve Cohen shoot back at regulators who says he ignored "red flags" at SAC Capital.

  • SAC's Cohen Seen Avoiding Criminal Charges: Report Friday, 5 Jul 2013 | 7:12 AM ET
    Steven A. Cohen

    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.