Court lifts stay on ex-hedge fund exec's appeal

April 6, 2015 9:46 PM

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NEW YORK – Former SAC Capital hedge fund portfolio manager Michael Steinberg Monday won approval to proceed with the appeal of his 2013 conviction on insider trading charges.

The U.S. Court of Appeals for the Second Circuit lifted a legal stay that had delayed Steinberg's appeal pending final disposition of two other insider-trading cases that initially ended in convictions for Manhattan U.S. Attorney Preet Bharara.

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