Michael Steinberg, the SAC Capital Advisors fund manager who
was indicted last week on insider trading charges, has begun his criminal
defense with an unusual goal: to find a new judge.
On Friday when Steinberg was indicted, his lawyer Barry
Berke asked U.S. District Judge Richard Sullivan to allow the case to be
randomly assigned to a new judge. Berke
claimed Sullivan had in a past insider trading case given prosecutors an easier
burden to meet compared to rulings by two other judges. He called this a
"significant legal issue."
Sullivan said he would "consider" letting
Steinberg's case be re-assigned, but hinted that might not happen….
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