sad trombone

  • 26 Nov 2012 at 1:57 PM
  • RSVPs

Mathew Martoma Will Be Unable To Make The SAC Capital Holiday Party This Year

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Former SAC Capital Advisors LP portfolio manager Mathew Martoma, charged in what prosecutors called the biggest-ever insider trading case, appeared in federal court in New York…He was arrested at his Boca Raton, Florida, home Nov. 20 and freed on $5 million bond. He appeared today before U.S. Magistrate Judge James Cott in Manhattan. The defense and prosecution today agreed to a modified bail package under which the $5 million bond must be secured by $2 million in cash or property, as well as signatures from three instead of two financially responsible people. Martoma has surrendered his and his children’s travel documents. He’s limited to Florida, Massachusetts, New Jersey and parts of New York. [Bloomberg]

  • 02 Nov 2011 at 5:35 PM

Bonus Watch ’11: MF Global CEO

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Yes, Corzine’s contract says he’s eligible for a $12 million package if he leaves the firm but recent events will make it slightly more difficult for him to collect that check on the way out. Read more »

  • 28 Oct 2011 at 2:26 PM

Occupy Wall Street Protestors Keeping BofA In Suspense

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The aforementioned army of paper planes is yet to arrive. Read more »

Paulson And Co. Investors May Be Getting Coal In Their Stockings This Year

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One of the stocks in Paulson’s portfolio, Alpha Natural Resources, is getting clobbered today after the company and rival Walter Energy warned that output for steelmaking-coal will fall short of expectations…Paulson’s bet on Alpha Natural Resources is a relatively small chunk of his portfolio, but it is another ill-timed wager this year from the man who made a fortune from smart wagers against subprime bonds. [WSJ]

  • 18 May 2011 at 11:10 AM

Raj Rajaratnam’s Jury Consultants Did Not Foresee This Outcome

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Empirical Creative was paid about $300,000, the people familiar with the situation say, for services that included a mock trial, during which his lawyers employed two main defense themes: that the information prosecutors said involved illegal inside tips was already public, and that the government’s witnesses weren’t credible. During the mock trial, the consultants discovered, the jurors most receptive to those themes were those without advanced-education degrees or financial sophistication and with relatively low- to middle-income jobs. Mock jurors who were members of ethnic minority groups also were more sympathetic to Mr. Rajaratnam, who was born in Sri Lanka, their research found, according to the people familiar with the situation. The real jury reflected those findings in many respects. [WSJ]