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Wednesday, December 18, 2013

Edgy enough

Michael Steinberg, whose trial I have been blogging about for the last couple of weeks, was convicted today of conspiracy and several counts of securities fraud (ie, insider trading).  The jury had been out for only a day before it returned its verdict- apparently coming to a conclusion rather quickly given the length of the trial.  I have much to say on this, but will leave it for tomorrow and later days, as I am currently trying to work my way through a ton of exams.  

Meanwhile, I cannot help but wonder if this trial's outcome might change Mathew Martoma's mind and cause him to turn against his former boss and seek an eleventh hour cooperation agreement- if that's even possible, given the timing.  Jury selection in the Martoma trial is slated to begin January 6th.     

Posted by Miriam Baer on December 18, 2013 at 09:01 PM | Permalink


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