Steinberg Lawyers Make Issue Of Press Coverage

Jul 10 2013 | 12:32pm ET

Lawyers for SAC Capital Advisors' Michael Steinberg, accused of insider-trading, are afraid that the "ubiquitous" and "inflammatory" coverage of the case could prevent their client from getting a fair trial.

Barry Berke asked a judge to ask potential jurors about their exposure to the publicity surrounding the case in a juror questionnaire, as well as other measures to avoid a tainted jury, including permission to question potential jurors who are familiar with the case.

"The coverage has not only been ubiquitous, but its qualitative content has also been inflammatory, thereby heightening the risk that it could interfere with the ability of potential jurors to assess impartially the government's case against Mr. Steinberg and Mr. Steinberg's defense," Berke wrote.

The lawyer sought to quantify just how "saturated" the media has been: The New York Times, The Wall Street Journal and New York Post have run at least 181 articles about Steinberg or SAC since September, including 15 front-page stories. The case has also been actively discussed on Twitter, with 531 Tweets about Steinberg or SAC, which were re-Tweeted 3,454 times.

Steinberg's trial is set to begin on Nov. 18. He is accused of trading technology shares based on confidential information passed to him by a former analyst.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.