SAC's Cohen Denied Access To SEC Insider Trading File

Law360, New York (August 8, 2013, 6:58 PM EDT) -- SAC Capital Advisors LP owner Steven Cohen cannot force the U.S. Securities and Exchange Commission to hand over a massive investigative file in its insider trading case while several criminal cases are pending, an SEC judge ruled Thursday, dealing a blow to the embattled hedge fund boss.

SEC Chief Administrative Law Judge Brenda P. Murray granted a motion by federal prosecutors to intervene in the case and to stay it while three separate criminal matters are pending: The indictment of SAC, and charges against two former...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.