Business

Jury still out on SAC’s Steinberg

Jurors in the federal insider-trading trial of SAC Capital moneyman Michael Steinberg ended their first day of deliberations without a verdict.

They will resume Wednesday at Manhattan federal court.

Steinberg is the first of eight employees of Steve Cohen’s SAC Capital caught in the feds insider-trading probe to go to trial.

Six others have pled guilty while the eighth, Mathew Martoma, is scheduled to go on trial in January.

SAC Capital has also pleaded guilty to five counts of securities and wire fraud and agreed to pay a $1.8 million fine.

Steinberg, who is on paid leave from SAC, made $1.4 million for SAC in four trades that prosecutors allege came from inside information on tech companies Dell and Nvdia.

Separately, the judge overseeing the Martoma case on Tuesday rejected a motion from the defense to dismiss part of the government’s case.