Judge Hints $1.2B SAC Deal Will Face Close Scrutiny

Law360, New York (November 5, 2013, 6:12 PM EST) -- The New York federal judge tasked with approving or rejecting part of SAC Capital Advisors LP's $1.2 billion insider trading settlement signaled on Tuesday that he will consider two recent court decisions rejecting U.S. government pacts with major banks, suggesting the landmark deal will face a rigorous review.

U.S. District Judge Richard J. Sullivan ordered attorneys for the government and SAC to appear in Manhattan court on Wednesday morning to discuss a $900 million civil forfeiture order included in the proposed settlement. A different judge will...
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