U.S. Charges Analyst in SAC Case

Federal prosecutors charged a former research analyst with giving inside information about a partnership between Microsoft Corp. and Yahoo Inc. to a trader for hedge-fund giant SAC Capital Advisors LP.

The analyst, Sandeep Aggarwal, was arrested in San Jose, Calif., Monday and is expected to appear for a court hearing in a northern California federal court Tuesday. He also was charged with insider trading in a civil suit by the Securities and Exchange Commission Tuesday.

A woman who answered the phone listed on Mr. Aggarwal’s website Monday night said he was unavailable, and declined to comment on Tuesday morning. A lawyer for Mr. Aggarwal couldn’t immediately be reached for comment.

Read the rest of this post on the original site


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »