A Secret Agreement Between Mathew Martoma and Cohen's SAC Capital?
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Steven Cohen's SAC Capital hedge fund is under intense scrutiny after former portfolio manager Mathew Martoma was charged by the SEC with insider trading, and the agency implicated Mr. Cohen himself for being involved in trading on the insider information. Now reports suggests that the hedge fund and Mr. Martoma have an agreement to share information about the government's building case against the hedge fund giant.
FOX Business Network (FBN) senior correspondent Charlie Gasparino reports that there is a "cooperation agreement" between SAC Capital and former SAC Capital portfolio manager Mathew Martoma. This agreement allows the two to "share documents" and gives SAC founder Steven Cohen "additional insight into the government’s case against him."
"Sources tell the FOX Business Network that SAC Capital and former SAC Capital portfolio manager Mathew Martoma have what is known as a cooperation agreement between the two sides. That agreement allows them to share documents and other information. The agreement gives Steve Cohen additional insight into the government's case against him if they choose to bring a case against him. If Martoma cooperates, it gives him heads ups and it is very important for his defense. Neither SAC nor Martoma’s attorney, Charlie Stillman, will deny the cooperation agreement."
FOX Business Network (FBN) senior correspondent Charlie Gasparino reports that there is a "cooperation agreement" between SAC Capital and former SAC Capital portfolio manager Mathew Martoma. This agreement allows the two to "share documents" and gives SAC founder Steven Cohen "additional insight into the government’s case against him."
"Sources tell the FOX Business Network that SAC Capital and former SAC Capital portfolio manager Mathew Martoma have what is known as a cooperation agreement between the two sides. That agreement allows them to share documents and other information. The agreement gives Steve Cohen additional insight into the government's case against him if they choose to bring a case against him. If Martoma cooperates, it gives him heads ups and it is very important for his defense. Neither SAC nor Martoma’s attorney, Charlie Stillman, will deny the cooperation agreement."
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