'Big Fish' Cohen Too Slippery For Prosecutors In SAC Case

Law360, New York (July 25, 2013, 7:45 PM EDT) -- The insider trading indictment of SAC Capital Advisors LP refers to hedge fund owner Steven Cohen a whopping 79 times, but his ties to the alleged scheme apparently weren't enough to charge him personally — a bittersweet result for Manhattan U.S. Attorney Preet Bharara, who has long pursued the multibillionaire.

Bharara’s multiyear investigation of SAC came to a head Thursday with an indictment seeking to hold the firm liable for allegedly rampant insider trading by employees. The 41-page document was peppered with references to “the SAC...
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