Read all about it at http://www.finalternatives.com/node/23407
Tuesday, April 16, 2013
Huge SAC Settlement OKed—With A Caveat
A federal judge has given provisional approval to SAC
Capital Advisors' record $602 million insider-trading settlement. U.S. District
Judge Victor Marrero yesterday assented to the Securities and Exchange
Commission settlement. But Marrero , who last
month postponed a decision on the deal, said SAC would not have to pay the
money until a federal appeals court rules on whether district court judges can
reject settlements in which defendants do not admit or deny wrongdoing…
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