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Mathew Martoma’s ‘Victims’ To Split $602M Of Steve Cohen’s Money

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Has Point72's crack renaming team working on a less-prejudicial term.

Which Steve is OK with, just as long as you don’t use the “V” word.

Elan Corp. Plc and Wyeth LLC investors who traded the shares in 2008 during a week when SAC Capital Advisors LP was dumping and then shorting the stock based on insider knowledge will be reimbursed through a $602 million fund….

Lawyers for SAC said in a Dec. 17 letter to U.S. District Judge Victor Marrero that they didn’t oppose the establishment of the fund. They objected to the investors being characterized as victims of insider trading.

Elan Investors Hurt by SAC Insider Trading to Be Reimbursed [Bloomberg]


By Federal Bureau of Prisons ( [Public domain], via Wikimedia Commons

Mathew Martoma Isn’t Getting Out Of Jail

In trying, though, he did get the definition of insider-trading broadened again. So there’s that.

Mathew Martoma Got a Lot of E-Mails

So his lawyer gets 90 more days to read them.