Insider trading case of SAC’s Steinberg reaches jury

The fate of SAC Capital Advisors portfolio manager Michael Steinberg was in the hands of a jury on Tuesday, after more than four weeks of trial on charges he traded on inside information. U.S. District Judge Richard Sullivan in Manhattan spent Tuesday morning instructing the jurors before sending them to start their deliberations. Steinberg is charged with five counts of securities fraud and conspiracy to commit securities fraud for trades in Dell Inc that prosecutors said were based on insider information. In total, prosecutors say SAC Capital made more than $1.4 million on the Dell and Nvidia trades.


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