SAC Granted Permission To Put One Allegation Of Insider Trading Behind It

A judge ruled today that SAC can proceed with a $14 million settlement with the SEC, while Steve Cohen will have to wait a bit longer to find out if he's allowed to put up over half a billion to settle another one.
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A judge ruled today that SAC can proceed with a $14 million settlement with the SEC, while Steve Cohen will have to wait a bit longer to find out if he's allowed to put up over half a billion to settle another one.

The approval of the Sigma settlement, made with little fanfare in a court order filed by U.S. District Judge Harold Baer in New York late Friday, follows another federal judge saying he needed more time to consider a record $602 million settlement by SAC in a separate insider-trading case...The $602 million deal with SAC would end the hedge fund's potential civil liability related to $275 million in profits or avoided losses from allegedly receiving inside information about the results of an Alzheimer's drug trial.

Judge Approves $14 Million Settlement by SAC in SEC Insider-Trading Case [WSJ]

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