Our Website Uses Cookies 

We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.

For more information, please contact us or consult our Privacy Notice.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

Martoma And Litvak: Prison Can Wait ... Sometimes

November 14, 2014, Law360

Covington's Daniel Suleiman authored this article on Matthew Martoma, former trader at SAC Capital Advisors LP who was sentenced to nine years in prison for insider trading:

"Defendants convicted of violent crimes rarely have the luxury of avoiding incarceration after conviction. But it seemed possible that Martoma, who was convicted of selling shares in two pharmaceutical companies shortly before the negative results of an Alzheimer’s drug trial became public, might remain free while the appeals court considers his case. Last month, over the prosecution’s objection, the same court allowed a former Jefferies Group LLC trader, Jesse Litvak, to avoid prison while he challenges his convictions for misrepresenting to investors the value of certain mortgage-backed securities."

Share this article: