SAC Fund Manager Steinberg Guilty in Insider-Trading Case

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Michael Steinberg, a portfolio manager with SAC Capital Advisors LP,... News PhotoCourthouse,Finance,Government,Hedge Fund,Horizontal,Justice - Concept,Law,Lawyer,Leaving,Legal System,Making Money,North,North America,Stock Market,The Americas,The Media,USA,VerdictPhotographer Collection: Bloomberg 2013 BloombergMichael Steinberg, a portfolio manager with SAC Capital Advisors LP, center, exits federal court with attorney Barry Berke, right, in New York, U.S., on Wednesday, Dec. 18, 2013. Steinberg became the fund's longest-serving manager to be convicted of insider trading in a government victory that may increase pressure on his former colleague, Mathew Martoma, to cooperate in the U.S. investigation of founder Steven A. Cohen. Photographer: Louis Lanzano/Bloomberg via Getty Images