Scott & Scott To Lead SAC Insider Trading Class Action

Law360, New York (June 18, 2013, 2:10 PM EDT) -- A New York federal judge has named Scott & Scott LLP as lead counsel in a putative class action against SAC Capital Advisors over an alleged $276 million insider trading scheme at the hedge fund involving Wyeth Ltd. stock, according to a Monday order.

U.S. District Judge Victor Marrero appointed Scott & Scott as lead counsel and the City of Birmingham Retirement and Relief System, a Wyeth investor, as lead plaintiff. The complaint in New York federal court stems from a federal government investigation of Mathew...
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