Supreme Court rejects insider trading appeal brought by SAC’s Martoma

June 3, 2019

WASHINGTON (Reuters) – The U.S. Supreme Court on Monday rejected an appeal by Mathew Martoma, a former portfolio manager for billionaire Steven A. Cohen, challenging a conviction for insider trading.

The Supreme Court left in place a June 2018 ruling by the New York-based 2nd U.S. Circuit Court of Appeals, which found there was enough evidence to establish Martoma’s guilt despite defective jury instructions in the trial.

(Reporting by Lawrence Hurley; Editing by Will Dunham)

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