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The decision by prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading at his $15 billion hedge fund is leaving many criminal defense lawyers scratching their heads.In the past week, federal authorities have issued grand jury subpoenas seeking testimony from Cohen and others at SAC Capital, The New York Times first reported. Two people familiar with the matter confirmed to Reuters that subpoenas had been issued and Cohen was among those served.A SAC Capital spokesman declined to comment on the situation as did the firm's longtime outside lawyer Martin Klotz. Federal authorities also declined to comment.Several defense lawyers, including some who are former federal prosecutors, said the move to subpoena Cohen was curious as he would likely assert his Fifth Amendment constitutional right against self-incrimination."I don't know what purpose it serves," said Michael Bachner, a former federal prosecutor, who now represents defendan...
The once high-flying Market Vectors Coal ETF (NYSE:KOL) is, for what feels like the first time in ages, enjoying a solid performance in Wednesday trade. Sparked by s...
A federal judge has set November 18 for the start of the criminal trial of Michael Steinberg, the most senior employee of Steven A. Cohen's hedge fund SAC Capital Ad...
Hedge fund titan Steven A. Cohen, whose $15 billion firm has been under fire for alleged insider trading, took an unprecedented step when he said it would claw back ...
Hedge fund titan Steven A. Cohen told investors on Thursday that his $15 billion fund will claw back earnings of any employees whose conduct leads to regulatory or c...
A Diamondback Capital Management portfolio manager convicted of insider trading should reimburse up to $12.9 million to his former employer, in addition to serving a...
SAC Capital Advisors LP said it is giving its clients more time to decide whether to withdraw their money from its hedge funds.The move highlights the growing pressu...
A judge on Tuesday signed off on a $602 million insider-trading settlement between a unit of SAC Capital Advisors and U.S. securities regulators, but he said final a...
SAC Capital Advisors, run by hedge fund titan Steven A. Cohen, has lost seven staff in Hong Kong and relocated five others there to New York and London, according to...
Mathew Martoma, a former portfolio manager at hedge fund SAC Capital Management, has hired a new lawyer to defend him in his insider-trading case.Martoma has brought...
The most promising aspect of the ongoing legal drama surrounding Steven A. Cohen and his mega SAC Capital Advisors hedge fund isn't that the walls seem to be closing...
An appeals court has revived a lawsuit by the former wife of Steven A. Cohen, founder of hedge fund SAC Capital Advisors, who accused the billionaire of hiding $5.5 ...
An appeals court has revived a lawsuit by the former wife of SAC Capital Advisors hedge fund founder Steven A. Cohen, who accused the billionaire of hiding $5.5 mill...
Steven A. Cohen's hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate unconditionally with the U.S. government's insider trading in...
SAC Capital Advisors LP will no longer cooperate unconditionally with the government's investigation into whether SAC founder Steven A. Cohen and others affiliated w...
SAC Capital Advisors, the $15 billion hedge fund in the spotlight of an insider-trading crackdown by the government, reportedly told investors Friday its cooperatio...
Between hedge fund moguls Steven A. Cohen and Raj Rajaratnam, and banking giants Goldman Sachs (NYSE:GS), Citigroup (NYSE:C) and JPMorgan Chase (NYSE:JPM), the Secur...
In Las Vegas this week, hedge fund investors rubbed shoulders with big-name managers, Hollywood heavies and political swells against a Bellagio hotel backdrop of gli...
Investors in Steven A. Cohen's SAC Capital Advisors will get a bit more time during the second quarter to decide whether to withdraw money from the $15 billion hedge...
Days after reporting some of the industry's deepest losses, hedge fund billionaire John Paulson said investors should stick with managers for the long term and remin...
