SAC Capital has been dragged through the courts in recently. One of the company’s former portfolio managers is accused of involvement in what’s been called the most lucrative insider trading scheme of all time. The manager, Matthew Martoma, was granted bail on a bond of $5 million today after his first appearance in court on the charges. Martoma’s alleged offense was the use of insider tips from a doctor, in trades dealing with Elan Corporation plc (NYSE:ELN), and Wyeth Limited (NYSE:WYETH). According to prosecutors, the insider trading tips allowed SAC capital to avoid losses and gain profits of $276 million.The…
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