SAC, Founder Face Investor Suit Over Insider Trading Scandal

By Max Stendahl (January 2, 2013, 6:51 PM EST) -- A putative class of Elan Corp. shareholders has sued Steven A. Cohen and his hedge fund SAC Capital Advisors LP over an alleged $276 million insider trading scheme involving shares of the drug giant's stock, marking the first private suit to emerge from the tipping scandal....

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