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Browse: Home / 2013 / August / 09 / Judge Orders Hold on Administrative Proceeding against SAC’s Cohen — Reuters

Judge Orders Hold on Administrative Proceeding against SAC’s Cohen — Reuters

By Securities Docket on August 9, 2013, 8:25 am

Steven A. Cohen got a reprieve on Thursday, albeit a small and temporary one, when an administrative law judge approved a request to stay a case brought by securities regulators, who have accused the billionaire hedge fund manager of failing to supervise two of his employees.

… Federal prosecutors in New York had requested the stay until after criminal cases against the two one-time employees and the $14 billion hedge fund were resolved.

via Judge Orders Hold on Administrative Proceeding against SAC’s Cohen — Reuters

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