Write-Offs: 05.12.14

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$$$U.S. seeks up to 6-1/2 years in prison for SAC's Steinberg [Reuters]

$$$Bankruptcy Judge Approves Quiznos Restructuring Plan [WSJ]

$$$ “Fish stinks from the head down, more precisely, that’s the head of CEO Brady Dougan,” Ernst Schmid, a shareholder wearing a traditional Swiss edelweiss shirt, said at the bank’s annual meeting, calling for the chief executive officer’s resignation over an investigation into whether it helped Americans evade taxes. “Management always tries to sweep things under the carpet, but it’s no longer possible to hide.” [Bloomberg]

$$$Soaring prices for tech startups stir bubble fears [NYP]

$$$I Spent a Night at the Urban Cowboy, Williamsburg’s Hip, New Western-Themed Bed and Breakfast [DI]

$$$Hedge fund titans are testing the quality of US democracy [FT]

$$$Nasdaq Hires Friedman as Co-President, Likely Front-Runner to Be Next CEO [WSJ]

$$$Iowa distillery raises pigs to taste like whiskey [WQAD]

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