NEW YORK (Reuters) - A U.S. lawyer who worked for some of the country's most prestigious firms was sentenced on Monday to a record 12 years jail for an insider trading scheme which lasted 17 years and netted more than $37 million between 1994 and 2011.

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  • U.S. abandons insider trading case against SAC's Steinberg
    Steinberg, 43, was in the process of appealing his 2013 conviction on similar grounds as the case at issue in the ruling on insider trading. He had been sentenced to 3-1/2 years in prison. His lawyer as well as those for other defendants welcomed Thursday ...
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    07/30/2015 - 1:41 am | View Link
  • Insider traders in U.S. face longer prison terms, Reuters analysis shows
    The trend is likely to continue on Monday when former SAC Capital Advisors manager Mathew Martoma is sentenced for what prosecutors have called the most lucrative insider ... the past five years. The last three years alone have seen two record sentences.
    09/1/2014 - 7:15 pm | View Link
  • U.S. seeks more than eight years prison for SAC's Martoma
    NEW YORK (Reuters) - 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 ... Richard Strassberg, a lawyer for Martoma ...
    06/27/2014 - 1:39 pm | View Link
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