U.S. v. S.A.C. Capital Advisors, SDNY

by Sabrina I. Pacifici on November 5, 2013

“As described below, this Indictment charges the corporate entities responsible for the management of a major hedge fund with criminal responsibility for insider trading offenses committed by numerous employees and made possible by institutional practices that encouraged the widespread solicitation and use of illegal inside information. Unlawful conduct by individual employees and an institutional indifference to that unlawful conduct resulted in insider trading that was substantial, pervasive and on a scale without known precedent in the hedge fund industry.”

Supporting Documents: U.S. v. S.A.C. Capital Advisors, LP, S.A.C. Capital Advisors LLC, CR Intrinsic Investors, LLC, And Sigma Capital Management, LLC – Monday, November 4, 2013

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