Rumors Swirl Of SAC Indictment In Insider Trading Probe

Law360, New York (July 24, 2013, 11:06 AM EDT) -- The U.S. Department of Justice is planning to criminally charge SAC Capital Advisors LP over multiple alleged instances of insider trading at the Connecticut hedge fund, a dramatic move that could put the firm out of business, according to Tuesday news reports.

An indictment is expected to be filed as early as this week, The Wall Street Journal and The New York Times each reported Tuesday evening, citing unidentified sources familiar with the matter. SAC founder Steve Cohen, who was sued by the government in a...
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