July 21, 2015
A New York federal judge on Tuesday ordered a group of investors suing SAC Capital Advisors LP over an insider trading scandal that rocked the now-former hedge fund to hand over to defendants nearly 7,000 documents the plaintiffs claimed were privileged.
May 21, 2015
A group of investors suing SAC Capital Advisors LP over an insider trading scandal has agreed to dismiss claims against Sidney Gilman, a doctor who admitted to giving a fund manager tips about Elan Corp. and Wyeth Ltd., according to a Thursday filing in New York federal court.
April 28, 2015
A New York federal judge on Tuesday tossed a set of racketeering claims brought against SAC Capital Advisors LP by investors in Elan Corp. Ltd. and Wyeth LLC, finding the investors had no basis to bring the claims because they weren't specifically named as victims in SAC's guilty plea for insider trading.
October 15, 2014
Investors in Elan Corp. Ltd. and Wyeth LLC fought back against SAC Capital Advisors LP's efforts to dismiss racketeering charges from their class action over supposed insider trading in the companies' stock, asserting Wednesday that they have suffered concrete losses caused by the alleged fraud.
October 09, 2014
The U.S. Securities and Exchange Commission said Thursday that it is considering establishing a fund from the $602 million settlement of insider trading allegations reached with SAC Capital Advisors LP to satisfy claims by investors who say they were harmed by the fraud.
August 14, 2014
A New York federal judge has refused to dismiss most claims in a class action against SAC Capital Advisors LP and owner Steven Cohen over supposed insider trading in the stocks of two pharmaceutical companies, according a ruling made public Thursday.
August 13, 2014
A New York federal judge signaled an end Wednesday to a yearlong discovery dispute in an Elan Corp. and Wyeth LLC investor class action against SAC Capital Advisors LP, telling the parties to effectively scrap their own stipulation and live by a prior order handing U.S. Securities and Exchange Commission and prosecutor documents to the plaintiffs.
August 08, 2014
An attorney for SAC Capital Advisors LP and owner Steven Cohen argued in a court filing made public on Friday that investors in Elan Corp. and Wyeth LLC were not harmed by supposed insider trades in the stocks of those companies, seeking to toss a class action suit.
April 29, 2014
SAC Capital Advisors LP on Monday asked a New York federal court to dump a shareholder class action on the grounds that its central thesis — that the hedge fund did not pay enough to settle federal charges over an alleged $276 million insider trading scheme — simply is not true.
November 01, 2013
SAC Capital Advisors LP should admit to insider trading in shares of Elan Corp. as part of an expected plea agreement with U.S. prosecutors, an attorney representing Elan investors in a related class action told a New York federal judge on Friday.