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Join the Securities Litigation and Enforcement Group on LinkedInSAC 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 – […]
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 […]
SAC punishment doesn’t fit the grime — New York Post
If Bharara really means business he won’t stop with the prosecution, of second-rate firms like SAC or lone wolves like Cohen. And since Bharara did remind everyone yesterday that “no institution is too big to jail,” maybe there is hope that our legal system can be made pure again. via SAC punishment doesn’t fit the […]
Securities Docket News Wire for November 4, 2013
Get caught up with the Securities Docket News Wire for November 4, 2013.