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Insider-Trading Trials Are No Place For Autograph Seekers

Phil Mickelson need not fear being mobbed in the witness box.
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By minds-eye (Flickr) [CC BY-SA 2.0], via Wikimedia Commons

By minds-eye (Flickr) [CC BY-SA 2.0], via Wikimedia Commons

Phil Mickelson’s golfing buddy went on trial this week for sinking a hole-in-one on his Dean Foods trades—with an assist from a member of Dean’s board. This is the same tip that Billy Walters allegedly passed to Lefty on the links, with which Mickelson augmented his $80 million in career earnings with a tidy $930,000 trading profit. Unsurprisingly, both sides may want to have a little chat with Mickelson on the stand about that, which means: No golf fans on this particular jury.

Mr. Mickelson’s name came up on Wednesday in the opening statement by federal prosecutors and was listed in a questionnaire given to prospective jurors in the Federal District Court in Manhattan.

On Monday, the judge presiding over the case, P. Kevin Castel, dismissed one person from the jury pool who he said had a “look of rapture” at the mention of Mr. Mickelson during the jury selection process.

No one was removed from the panel for expressing too much admiration for Carl Icahn.

With Phil Mickelson on Witness List, Gambler’s Insider Trading Trial Begins [DealBook]


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