SAC Capital Cops To Insider Trading, Judge Mulls $1.2B Deal

Law360, New York (November 8, 2013, 6:55 PM EST) -- SAC Capital Advisors LP pled guilty Friday to government charges of insider trading at the hedge fund, though a judge that said she had not decided whether to accept its $1.2 billion plea deal.

U.S. District Judge Laura Taylor Swain wants time to review SAC’s agreement with the government before giving it her approval, she said at a hearing in Manhattan federal court.

The fund, controlled by billionaire Steven A. Cohen, agreed Monday to plead guilty to securities and wire fraud charges and pay $1.2 billion...
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