November 30, 2021

Volume XI, Number 334

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November 30, 2021

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November 29, 2021

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Martoma Securities Fraud Case by the Numbers

This week a jury in the U.S. District Court for the Southern District of New York rendered a guilty verdict against the former SAC portfolio manager on two counts of securities fraud and one count of conspiracy to commit securities fraud in the case of United States v. Martoma (12-CR-00973). Below are several interesting facts and figures from the case.

0 – Number of recorded / wiretapped conversations introduced at trial by the prosecution.

1 – Number of successful motions in limine by defendant seeking to exclude evidence that he had fainted when first approached by FBI agents who sought to discuss with him allegations of insider trading.

0 – Number of trades actually alleged to have been effectuated by the defendant himself.

2 – Number of defense expert witnesses that testified that the alleged non-public information at issue was not material and/or already in the marketplace, and thus in fact public.

15/3 – Number of total hours/days that the jury deliberated.

©1994-2021 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. All Rights Reserved.National Law Review, Volume IV, Number 40
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About this Author

Adam Sisitsky, Mintz Leving Law Firm, Boston, Corporate and Litigation Law Attorney
Member

Adam is an experienced trial attorney and litigator whose practice encompasses a wide range of matters focusing on business and securities litigation, internal investigations, and government enforcement actions. Adam represents corporations, officers, directors, accountants, and other individuals in SEC investigations and enforcement proceedings, as well as in civil litigation. He routinely counsels public and private companies and others in matters involving compliance issues, including matters arising under the Foreign Corrupt Practices Act (FCPA).

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617-348-1689
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