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Washington’s “political intelligence” industry was supposed to be the focus of an insider-trading trial under way in Manhattan. But it’s Deerfield Management that’s in the spotlight in the early proceedings. Former Deerfield trader Jordan Fogel told jurors Thursday how he and others used non-public information they got from a health-care industry consultant to make millions […]
The federal prosecutors who sent Wall Streeters to prison for trading on insider information are taking on Washington’s culture of leaks in a first-of-its-kind trial next week. For the first time, the capital’s “political intelligence” industry is in their crosshairs. Hedge funds and other businesses pay consultants, often recent government employees, expecting them to leverage […]
The Securities and Exchange Commission and Federal Bureau of Investigation have been examining whether anyone in government illegally passed along information April 1 about a pending decision on Medicare payments, according to officials involved in the probe. A report from a Washington policy-research firm, Height Securities, correctly called the decision just before it was announced, which […]