A federal appeals court in Manhattan ordered a rare second round of arguments on Wednesday as former SAC Capital Advisors portfolio manager Mathew Martoma tries to overturn his insider trading conviction.
The 2nd U.S. Circuit Court of Appeals, which first heard Martoma’s appeal in October 2015, took the unusual step after the U.S. Supreme Court in December issued a decision that made insider trading cases easier to prosecute.
Martoma’s re-argument is scheduled for May 9.
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