SAC is losing no time! According to a CNBC report facing perhaps its toughest
moment yet in the U.S. government’s insider-trading probe, SAC Capital will
host a special investor call Wednesday morning to field questions about the
recently-unveiled federal case against former trader Mathew Martoma, say two
people familiar with the matter.
SAC management will host an investor question-and-answer
session Wednesday before the U.S. markets open at 9:30 a.m., say these people.
The Stamford-based hedge fund firm holds quarterly calls to discuss matters of
performance, these people added, but additional calls to discuss particular
legal issues, while not unprecedented, are also not the norm. It is unclear as yet whether SAC founder
Steve Cohen will participate in the scheduled discussion…..
More? Check out http://www.cnbc.com/id/49979563
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