Despite the efforts of defense lawyer Richard Strassberg of Goodwin Procter, Manhattan U.S. Attorney Preet Bharara claimed yet another victory on Thursday in his campaign to clamp down on insider trading. Capping a four-week trial, a jury found former SAC Capital Advisors portfolio manager Matthew Martoma guilty of using insider tips to trade shares of two drug companies.
The unanimous jury sided with prosecutors on each of their conspiracy and securities charges after two-and-a-half days of deliberations.
