Bloomberg – The judge in Mathew Martoma’s insider-trading trial warned his lawyers against questions tied to Steven Cohen’s trading strategies, saying it could open the case to a wider probe of the SAC Capital Advisors LP founder.
“General questions about how Steve Cohen conducted his trading I think are very dangerous — dangerous in the sense that they represent a risk of opening the door to a broader examination of how Steve Cohen did business,” U.S. District Judge Paul Gardephe told a lawyer for Martoma outside the hearing of jurors and spectators yesterday, according to a transcript. “And I think we all agree that that is not a path we want to go down.”
