Billionaire Steven A. Cohen’s testimony to a financial regulatory agency cannot be shown to jurors at the insider trading trial of one of the former money managers at the hedge fund he founded, a judge said in a ruling made public Wednesday.
A jury will not hear about how a former hedge fund manager fainted in front of his Florida mansion when federal agents showed up to talk about his alleged involvement in insider trading.
Federal Judge Paul Gardephe scheduled a Nov. 4 trial for Michael Vanhise during a hearing Thursday.
This past Wednesday, the NBA owners tried a pre-emptive strike against the players, asking a federal judge to rule that, if the players decertified the union and sued the NBA for antitrust violations (sound familiar, NFL fans?), such a lawsuit would not be allowed to end the lockout. Here’s what happens now.