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Steven A. Cohen

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  1. Insider Trading
  2. Hedge Fund
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Prosecutors' subpoena of SAC's Cohen puzzles defense lawyers

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...

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    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...

  2. Insider-trading trial of SAC Capital's Steinberg to start November 18

    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...

  3. SAC Fund to Adopt Claw-Back Provision

    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 ...

  4. SAC fund to adopt claw-back provisions, beef up compliance

    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...

  5. U.S. wants Diamondback's Newman to reimburse hedge fund

    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...

  6. SAC Gives Clients More Time to Withdraw Money

    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...

  7. Judge conditions $602 million SAC settlement on appeals court

    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...

  8. SAC Capital loses staff in Hong Kong at challenging time

    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...

  9. SAC's Martoma switches lawyers in insider-trading case

    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...

  10. Judge Holding Up SAC Settlement Asking Right Questions

    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...

  11. SAC's Cohen must face fraud claims by ex-wife

    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 ...

  12. Lawsuit by Ex-Wife of SAC's Cohen Revived on Appeal

    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...

  1. SAC Capital won't cooperate unconditionally with government: letter

    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...

  2. SAC Says Its Probe Cooperation 'No Longer Unconditional'

    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...

  3. SAC Insider Trading Probe Takes New Turn

    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...

  4. SEC Can Fund Itself; Why Doesn't It?

    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...

  5. In Vegas, investors strip hedge fund managers of their secrets

    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...

  6. SAC Capital investors get more time to mull withdrawals: source

    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...

  7. In Sin City, Paulson glosses over his losses: sources

    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...

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