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
