SAC Capital Judge Urged to Accept $900 Million Penalty – Bloomberg

Manhattan U.S. Attorney Preet Bharara’s office yesterday asked U.S. District Judge Laura Taylor Swain to approve the agreement as part of a record $1.8 billion settlement that also calls for the hedge fund to close its investment advisory business. Swain is set to decide April 10 whether she will accept the guilty plea and sentence the Stamford, Connecticut-based firm founded by billionaire Steven A. Cohen.

via SAC Capital Judge Urged to Accept $900 Million Penalty – Bloomberg