SAC Settles Insider-Trading Charges For $614 Million

Mar 15 2013 | 3:05pm ET

SAC Capital Advisors has agreed to pay more than $600 million to settle insider-trading charges.

Two SAC affiliates, CR Intrinsic Investors and Sigma Capital Management, have settled with the Securities and Exchange Commission for $614 million, the largest-ever settlement for insider-trading. The SEC had accused the hedge fund of trading on confidential information about Alzheimer's drug trials and technology stocks.


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