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...
To view the full article, register now.

Related

Sections

Case Information

Case Title

United States Of America v. S.A.C. Capital Advisors, L.P. et al


Case Number

1:13-cv-05182

Court

New York Southern

Nature of Suit

Forfeit/Penalty: Other

Judge

Richard J. Sullivan

Date Filed

July 25, 2013


Case Title

USA v. S.A.C. Capital Advisors, L.P. et al


Case Number

1:13-cr-00541

Court

New York Southern

Nature of Suit

Date Filed

July 23, 2013

Law Firms

Companies

Government Agencies

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.