SAC Opens Settlement Talks With Prosecutors

Sep 24 2013 | 10:05am ET

SAC Capital Advisors may be ready to cut a deal.

Lawyers for the embattled hedge fund told prosecutors last week that firm founder Steven Cohen would like to reach a settlement of the criminal insider-trading charges against SAC, as well as civil charges against him filed by the Securities and Exchange Commission. Any agreement would likely include of fine of about $1 billion.


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