Sigma's $14M Insider Trading Settlement Gets Judge's Nod

Law360, Los Angeles (April 1, 2013, 9:23 PM EDT) -- A New York federal judge on Friday entered final judgment against Sigma Capital Management LLC, an affiliate of hedge fund SAC Capital Advisors LP, officially approving the $14 million agreement that settled insider trading claims linked to an analyst’s use of nonpublic information for Dell Inc. and Nvidia Corp.

The judge’s order OKs Sigma Capital’s settlement agreement with the Securities and Exchange Commission, which was reached shortly after former Sigma Capital analyst Jon Horvath, who was charged with securities fraud in January 2012, reached a settlement...
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