The individuals who will have their names mentioned at a noon press conference are hedge fund manager Samir Barai of Barai Capital, Barai Capital analyst Jason Pflaum, former CR Instrinsic (a division of SAC) manager Donald Longueuil (most recently with Empire Capital) and former SAC PM Noah Freeman.
* Barai, who founded Barai Capital in 2008, "is thought to have received illegal tips about publicly traded companies from a technology industry consultant" and surrendered himself
* Pflaum, a tech analyst with Barai since 2008, has already pleaded guilty and is cooperating
* Longueuil, who worked at SAC's CR Intrinsic until last summer, was arrested at his home this morning in Manhattan
* Freeman, who worked for SAC Capital in Boston until January 2010, has pleaded guilty and as a cooperating witness, promised "substantial assistance" to the Feds