A former trader at billionaire Steven A. Cohens former hedge fund SAC Capital Advisors LP wants to withdraw his 2013 insider trading guilty plea, saying he had forgotten about two instant messages that show he committed no crime.
Richard Lee said in Monday court filings that the messages uncovered in the last few months demonstrated how his purchase of 725,000 Yahoo shares on July 10, 2009 was based on public information.
via Ex-SAC trader says he forgot facts, seeks to void insider trading plea — Reuters
