SAC

SAC's Steinberg gets 3.5 years

Patricia Hurtado and Bob Van Voris, Bloomberg
May 16, 2014
Steinberg, 42, who handled technology, media and telecommunications stocks at SAC Capital’s Sigma Capital Management unit, was the longest-serving employee at the hedge fund convicted in the U.S. probe.

Cohen dream of Soros status dies as SAC plea mars his record

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.

SAC agrees to plead guilty to end U.S. insider-trading case

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.

Cohen’s SAC seen pleading guilty as insider trials loom

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.

Plea agreement could end SAC’s advisory business

Ben Protess, New York Times
October 18, 2013
New York Times reports SAC could agree to a possible $1 billion settlement

SAC Parameter trading unit said to close amid insider probe

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.

SAC probe yields latest arrest tied to insider trading

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.

SAC evidence includes court-authorized wiretaps, U.S. says

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.

The Blotter: Hedge fund manager Steven A. Cohen charged by SEC

Ginger Szala
July 26, 2013
Also: CFTC charges Panther Energy Trading with first case of "spoofing" under Dodd-Frank Act

Cutthroat Cohen stares at demise for being soft on supervision

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, said it wasn’t going well.