There is a "cooperation agreement" between SAC Capital and former SAC Capital portfolio manager Mathew Martoma, according to the latest from FOX Business Network (FBN) senior correspondent Charlie Gasparino. This agreement allows the two to "share documents" and gives SAC founder Steven Cohen additional "additional insight into the government's case against him."
On the cooperation agreement between SAC Capital and former SAC Portolfio Manager Matthew Martoma:
"Sources tell the FOX Business Network that SAC Capital and former SAC Capital portfolio manager Mathew Martoma have what is known as a cooperation agreement between the two sides. That agreement allows them to share documents and other information. The agreement gives Steve Cohen additional insight into the government's case against him if they choose to bring a case against him. If Martoma cooperates, it gives him heads ups and it is very important for his defense. Neither SAC nor Martoma's attorney, Charlie Stillman, will deny the cooperation agreement."
* A prior headline incorrectly stated that Mathew Martoma was sharing documents with the Government, the title has been amended. Mathew Martoma is supposedly sharing documents with SAC Capital not the Government.