SAC Capital Reaches Tentative Insider Trading Deal

``SAC Capital, the embattled hedge fund indicted on insider trading charges, has reached a tentative deal to settle the case and pay more than $1 billion in fines. Although the exact amount of the fine is unclear, prosecutors have been seeking a $1.8 billion penalty and a guilty plea from SAC, the people said. SAC's lawyers were urging the government to deduct from that amount the $616 million the fund has already paid to the Securities and Exchange Commission, a regulator that previously issued civil charges against the firm's subsidiaries.''