Martoma, U.S. Reach Deal With University Over Laptop

From Bloomberg: Ex-SAC Capital Advisors LP portfolio manager Mathew Martoma and U.S. prosecutors reached an agreement with the University of Michigan giving them access to documents encrypted on a laptop belonging to the government’s star witness in Martoma’s insider trading case.

Martoma was charged by the U.S. in November with the largest insider trading case in history, accused of helping the hedge fund founded by Steven A. Cohen make $276 million using illegal tips about a drug to treat Alzheimer’s disease.

The U.S. Securities and Exchange Commission alleged that Martoma’s source was Sid Gilman, a University of Michigan neurologist who was head of the safety monitoring committee for the drug trial. Gilman has entered into a non-prosecution agreement and is cooperating with the government.

http://www.bloomberg.com/news/2013-06-17/martoma-u-s-reach-deal-with-university-over-laptop.html