Convicted felon Mathew Martoma doesn't deserve another trial.
"[T]he evidence at trial overwhelmingly established that Martoma received material, nonpublic information," prosecutors, in a 36-page memo, told the trial judge.
Martoma, a former portfolio manager at Steve Cohen's SAC Capital Advisors hedge fund, asked the judge in February to reverse his conviction or toss the verdict and order a new trial.
A federal court jury found Martoma guilty of masterminding the most lucrative insider-trading trade ever — $275 million in profits and averted losses.
Martoma's lawyers argued that information about his being kicked out of Harvard Law School tainted the trial.
Prosecutors maintain there was no evidence the jury was aware that Martoma forged his college transcripts and got booted from the Ivy League school.
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