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By Saijel Kishan and Katherine Burton, Bloomberg |
November 5, 2013
In the hedge fund record books, there will always be doubts about how Steven A. Cohen outperformed rivals for more than 20 years.
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By Patricia Hurtado, Bloomberg |
November 4, 2013
Billionaire Steven Cohen’s SAC Capital Advisors LP, the hedge fund firm accused of fostering a culture of rampant insider trading, has agreed to plead guilty to a federal indictment and pay $1.8 billion, the U.S. said.
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By Patricia Hurtado and Joshua Gallu, Bloomberg |
November 4, 2013
SAC Capital Advisors LP will plead guilty to securities fraud as soon as today, the biggest hedge-fund firm to resolve charges in the U.S. government’s six-year crackdown on insider trading, according to a person familiar with the matter.
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By Tom Korosec and Andrew Harris, Bloomberg |
October 16, 2013
Mark Cuban, the billionaire owner of pro basketball’s Dallas Mavericks, didn’t engage in insider trading nine years ago, a federal jury decided in a case brought by the U.S. Securities and Exchange Commission.
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By Joshua Gallu, Bloomberg |
October 10, 2013
Two brothers agreed to pay $5 million to resolve U.S. Securities and Exchange Commission claims that they used confidential information to make options trades ahead of an announced deal to buy H.J. Heinz Co.
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By Matt Levine, Bloomberg |
September 23, 2013
Here's a delightful piece of regulatory police work. The Securities and Exchange Commission brought a case today against Lawrence Robbins, a former accountant and current independent film producer who seems to have funded his films by insider trading ahead of corporate takeovers.
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By Saijel Kishan, Bloomberg |
August 13, 2013
SAC Capital Advisors LP, the hedge-fund firm that’s facing federal insider-trading charges and a money-laundering lawsuit, shuttered one of its trading units, according to a person with knowledge of the matter.
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By Patricia Hurtado, Bloomberg |
July 31, 2013
The probe of SAC Capital Advisors LP, which has led to insider-trading charges against the hedge fund and eight SAC employees, has snared an outside analyst who is accused of giving illegal tips to a former SAC manager.
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By Patricia Hurtado, Bloomberg |
July 26, 2013
Insider trading evidence against SAC Capital Advisors LP includes court-authorized wiretaps, a U.S. prosecutor said at the $14 billion hedge fund’s arraignment in federal court in Manhattan.
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By Saijel Kishan, Katherine Burton and Kelly Bit, Bloomberg |
July 22, 2013
In April 2008, three months before drug makers Elan Corp. and Wyeth were scheduled to release results of their Alzheimer’s drug trial, two health-care analysts for hedge-fund manager Steven A. Cohen warned their boss in an e-mail that a doctor, who implied he had seen inside information about the trial,...
