Federal Judge Would Be Happy To Read About How Much You Hate SAC Deal In The Newspaper


"Stop emailing me!” That’s the message Judge Richard J. Sullivan wants to send to critics of the $1.8 billion deal Steve Cohen’s SAC Capital Advisors cut with the feds to settle insider-trading charges. Sullivan approved the $900 million civil money-laundering slice of the settlement on Wednesday during a 45-minute conference with a gaggle of lawyers for SAC and prosecutors in Manhattan US Attorney Preet Bharara’s office. Sullivan noted that he had received an email Tuesday from someone lambasting the agreement as a “sweetheart deal” for Cohen’s hedge fund that would create a “loss of trust in our system.” The judge, while acknowledging the SAC matter is a “high-profile case people will be watching,” politely asked that others not email him. The proper place for such opinions, he said, is a letter to the editor or an op-ed piece in a newspaper. [NYP]


Just Kidding About SAC Capital Settling With The SEC

A judge has pumped the brakes on this thing.