NEW YORK May 28 U.S. court officials said
Mathew Martoma may deserve a record prison term for insider
trading, a request that lawyers for the former SAC Capital
Advisors LP fund manager called "outrageous."
Martoma is scheduled to be sentenced next month following
his Feb. 6 conviction for seeking confidential tips about a
clinical trial for an Alzheimer's drug, enabling billionaire
Steven A. Cohen's hedge fund firm to make about $275 million.
In a court filing late Tuesday, Martoma's lawyers said a
prison term of 15 years and 8 months to 19 years and 7 months,
which the probation department deemed appropriate under federal
guidelines, was "irrational" and "outrageous."
The lawyers cited other similar cases in which defendants
received as few as two years in prison.
A spokeswoman for U.S. Attorney Preet Bharara in Manhattan
did not immediately respond on Wednesday to a request for
comment. Judges may impose stiffer or lesser punishments than
federal guidelines recommend.
(Reporting by Jonathan Stempel in New York; Editing by