Investment Latest News: Media Bias Hurts SAC Executive's Right to Fair Trial

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Investment Latest News: Media Bias Hurts SAC Executive's Right to Fair Trial

Investment Latest News: Media Bias Hurts SAC Executive's Right to Fair Trial
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Investment Latest News: Media Bias Hurts SAC Executive's Right to Fair Trial

by Wochit 1:03 mins

Relentless media coverage is hindering SAC Capital executive Michael Steinberg's chances at a fair trial because it mostly presumes his guilt on insider trading charges. To fix the problem, Steinberg's legal team asked for permission to have potential jurors fill out a questionnaire to identify any potential bias among them. U.S. stock market futures rose, with sentiment boosted by Alcoa's unofficial kickoff to the second-quarter earnings season. Stock index futures rose, putting the S&P 500 on track for its third straight advance in the wake of recent better-than-expected payrolls reports and ahead of the start of earnings season after the close. The benchmark S&P index rose 1 percent in the prior trading session on the strength of the jobs report. Dow component Alcoa Inc kicked off earnings season after the close.

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