Insider Trading Probe Continues To Haunt SAC Capital

Law360, New York (January 11, 2013, 7:38 PM EST) -- SAC Capital Advisors LLC is reportedly preparing for client withdrawals of at least $1 billion due to the U.S. government's $274 million insider trading probe, with some attorneys saying the hedge fund operator faces serious harm from the investigation, even if no charges are ever filed.

The hedge fund has been warning investors that it expects investor withdrawals to come in the next year, with the first redemptions occurring as soon as Feb. 15, according to reports Friday in the Wall Street Journal and the New...
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