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>> SAC CAPITAL ADVISORS Latest News

APR 21, 2014 - Yahoo! News

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U.S. insider trading cases face test at appeals court

By Nate Raymond NEW YORK (Reuters) - A U.S. appeals court is set hear a case whose outcome could make it harder for the government to prosecute insider trading and potentially jeopardize several high-profile guilty verdicts, including that of SAC Capital Advisors portfolio manager Michael Steinberg. The question facing the 2nd U.S. Circuit Court of Appeals in New York on ...

Tags: U.S. insider trading cases face test at appeals court,  Sac Capital Advisors Latest News

APR 16, 2014 - DealBook

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Steven Cohen Gets to Trade for 90 Days Before Paying Penalty

Overlooked in the judge's approval of the guilty plea entered by Steven Cohen’s hedge fund SAC Capital Advisors to insider trading charges is that SAC was given 90 days to pay a $1.2 billion penalty.

Tags: Steven Cohen Gets to Trade for 90 Days Before Paying Penalty,  Sac Capital Advisors Latest News

APR 11, 2014 - Washington Business Journal

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Judge approves SAC Capital plea deal

The federal government’s years-long pursuit of SAC Capital Advisors and its founder, Steven Cohen, reached a major milestone when a judge approved a  plea deal hammered out late last year. According to a report by the New York Times, the settlement  resolves criminal charges against the firm and calls for a $1.2 billion penalty. Perhaps more important to the firm’s ...

Tags: Judge approves SAC Capital plea deal,  Sac Capital Advisors Latest News

APR 11, 2014 - Zero Hedge

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Frontrunning: April 11

Sensitive Market Data Leaked After Government Phone Call (WSJ) This is a actual Bloomberg headline: China Fake Data to Skew More Export Numbers (BBG) This is another actual BBG headline: U.S. as Global Growth Engine Putt-Putts Instead of Purring (BBG) Ukraine wants to buy European gas to boost energy security (Reuters) JPMorgan Profit Falls 19% on Trading, Mortgage Declines (BBG) ...

Tags: Frontrunning: April 11,  Sac Capital Advisors Latest News

APR 10, 2014 - Los Angeles Times

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SAC Capital sentenced under $1.8-billion fraud deal

The hedge fund is ordered to pay $900-million fine in the insider-trading case. SAC Capital's founder, Steven A. Cohen, still faces a civic case brought by the SEC.The once highflying hedge fund SAC Capital Advisors was sentenced on criminal fraud charges Thursday under a $1.8-billion deal that prosecutors say included the largest criminal fine ever imposed in an insider-trading case.

Tags: SAC Capital sentenced under $1.8-billion fraud deal,  Sac Capital Advisors Latest News