The current bellwether of leaked research information involves Sidney Gilman, based at the University of Michigan, and Mathew Martoma, a trader at SAC Capital. They met through the Gerson Lehrman Group, ... one of many ‘expert network’ companies hiring researchers for as much as $1,000 an hour. In 2008, Gilman passed information on an Alzheimer’s drug clinical trial involving Bapineuzumab to Martoma, who was arrested by the FBI in late November 2012.The magnitude of this particular case is remarkable; US$276 million gained for the hedge fund involved and two careers ended in a spectacular flash.
Read High stakes: Unpublished research brings big profits and huge losses – to insider traders at Signals.
