Government Wins First Jury Conviction in SAC Prosecution

A jury in federal district court in New York yesterday returned a guilty verdict against Michael Steinberg, a senior official at the giant hedge fund, SAC Capital Advisors, LP. A grand jury had indicted Steinberg on charges of insider trading. Previously, six other SAC employees and the firm itself have pleaded guilty to criminal charges […]

Head of SAC Capital Advisors Invokes Fifth before Grand Jury

Steven A. Cohen head of the giant hedge fund SAC Capital Investors invoked his Fifth Amendment right against self incrimination when called to testify before a federal grand jury in the Southern District of New York.  The grand jury is investigating insider trading allegations at Cohen’s hedge fund.  The United States has already charged an […]