Cds insider-trading trial begins




















Confirm Password. Law may contact you in your professional capacity with information about our other products, services and events that we believe may be of interest. We take your privacy seriously. Please see our Privacy Policy. Law takes your privacy seriously. Sign In. Law The Practice of Law. Law Pulse Business of Law. Judge Ramos said that while Blakstad isn't a flight risk, he has not made a compelling case for the Second Circuit to reverse his insider trading and investment fraud conviction.

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Get instant access to the one-stop news source for business lawyers Register Now! Sign up now for free access to this content Enter your details below and select your area s of interest to stay ahead of the curve and receive Law's daily newsletters. Martoma is accused of selling and shorting shares of drug companies Elan and Wyeth after illegally obtaining information about confidential results of a failed Alzheimer's drug trial in Related: Insider trading suspect was booted from Harvard Law.

Manhattan U. Attorney Preet Bharara has called the case "the most lucrative insider trading scheme ever charged.

Devlin-Brown said Martoma fostered a professional friendship with Dr. Sidney Gilman, who was involved in the drug trials, in order to gain inside information. Gilman is expected to be the prosecution's star witness. He settled civil insider trading charges from the SEC back in , and will avoid prison time thanks to his cooperation with the government.

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