- SAC Capital manager's insider trading trial starts Updated: Nov-20-13 7:01 pm
- SAC Capital pleads guilty in NY in $1.8B deal Updated: Nov-08-13 5:43 pm
- Federal judge won't stand in way of $1.8B SAC deal Updated: Nov-06-13 12:40 pm
NEW YORK - A prosecutor told jurors at the start of the first insider trading trial of a portfolio manager for SAC Capital Advisors that insider trading was relied upon to boost slumping results in 2007, but a defense lawyer said Wednesday that his client was the victim of a corrupt analyst who cooperated with the government to escape a long prison sentence.
NEW YORK - SAC Capital Advisors pleaded guilty to criminal fraud charges Friday, satisfying a deal with the government that requires the Connecticut-based hedge fund to pay a record $1.8 billion to settle charges that it allowed, if not encouraged, insider trading to occur for more than a decade.
NEW YORK - A judge who has talked tough about insider trading stepped out of the way Wednesday of a $1.8 billion settlement of civil and criminal charges against hedge fund giant SAC Capital, saying what he thinks of the deal that carries record penalties "is not really relevant today."