Ex-SAC Manager Donald Longueuil Has Pleaded Guilty, Figured Out What To Say When Asked About Securities Violations In Job Interviews

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A former hedge-fund manager at SAC Capital Advisors whose friend secretly taped him describing how he destroyed evidence of insider trading pleaded guilty Thursday. Donald Longueuil struggled to compose himself as he stood in court before U.S. District Judge Jed Rakoff and apologized for trading on inside information and discarding evidence. "I have learned a lot from my experience and I look forward to applying those lessons as I move forward with my life," Mr. Longueuil said. [WSJ, earlier, earlier]

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