Full Text US v. Martoma Insider Trading Complaint

November 21, 2012

READ the Full-text of the United States v. Mathew Martoma Complaint
https://www.justice.gov/archive/usao/nys/pressreleases/November12/
MartomaArrestPR/Martoma,%20Mathew%20Complaint.pdf

Mathew Martoma allegedly got sneak peeks at drug data, and the Complaint alleges that he then recommended that his hedge fund build up a massive position in Elan and Wyeth stock; thereafter, he purportedly caused the fund to sell those shares after getting a secret look at the unexpectedly bad results of a clinical drug trial. The Complaint alleges that the hedge fund made profits and avoided losses to the tune of $276 million, of which Martoma personally realized some $9 million.