Relevant:
- SAC Capital settles insider trading charges
- U.S. charges ex-SAC manager in $276 million insider scheme
- 'Ebullient' Cohen Reveling in Insider Trading Ruling
- How did the SEC get it this wrong? The judge throws out the Mark Cuban insider trading charges
- Conviction upheld in biggest insider-trading case in history (AT THE ERSTWHILE SAC CAPITAL)
2013-07-27 — dealbreaker.com
``Now there is a question about which side of that inflection point SAC was on but kind of not really since it was chock full of people who've been convicted of insider trading. So everyone who'll talk about the case, except Ed Butowsky, is using words like "slam dunk" and "death knell": eight charged or convicted insider traders is probably enough to sink SAC. Steve Cohen won't go to jail, because there's basically no evidence that he personally insider traded, but a lot of his employees have or will, and the firm is pretty hosed. It's worth reading that Bloomberg article, and the forfeiture complaint, to see how hosed: SAC's insider trading is enough to infect every dollar that it managed with money laundering charges.1 SAC ended up just over the line from "awesome amount of information" to "too much information."''
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