Daily Archives: November 5, 2013, 9:05 am

SAC Case Began With Informant’s Tips on Cohen, Rajaratnam – Bloomberg

Without [David] Slaine, Rajaratnam and Cohen might still be investing clients’ money. He was the first person to cooperate with the government and was acknowledged in all but name at yesterday’s press conference announcing SAC’s plea, according to two people familiar with the investigation. via SAC Case Began With Informant’s Tips on Cohen, Rajaratnam – Bloomberg

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After a Decade, SAC Capital Blinks – DealBook

SAC Capital Advisors first sought to fend off a federal indictment. Then the hedge fund, run by the billionaire Steven A. Cohen, offered to pay about $700 million to settle. Finally, SAC suggested it plead guilty to only some of the criminal charges in the five-count indictment. But at every turn, the government refused…. An account of the negotiations, based on…

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