November trial date set for ex-hedge fund manager

NEW YORK (AP) — A November trial date has been set for the New York insider trading trial of a former hedge fund portfolio manager for SAC Capital Advisors.

A federal judge in Manhattan scheduled Mathew Martoma’s trial for Nov. 4.

Martoma is accused of earning $9 million in bonuses after persuading a medical professor to leak secret data from an Alzheimer’s disease trial between 2006 and 2008.

The government has alleged that Martoma’s inside information enabled other investment professionals to earn a quarter-billion dollars illegally.

Martoma has pleaded not guilty. He is free on bail. His lawyer, Richard Strassberg, declined to comment after Wednesday’s hearing. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language, racial slurs or consistent name calling will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

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