AOL.com Video - Accused Of Insider Trading, Mathew Martoma Pleads Not Guilty

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Accused Of Insider Trading, Mathew Martoma Pleads Not Guilty

Description:Former SAC Capital employee Mathew Martoma has pleaded not guilty to insider trading charges on Thursday (January 3) at his arraignment at a federal courthouse in New York. He is accused of using inside information to generate profits and avoid losses totaling $276 million (USD) in shares of two drug stocks Elan Corp PLC and Wyeth. The criminal complaint filed by federal prosecutors and a related civil lawsuit filed by the SEC contend Martoma got insider information from a doctor who is not na (1:10)

Source: IBTimesTV

Tags: ibtimestv , accused , guilty , insider