Continue Reading Former SAC Portfolio Manager Seeks to Limit Access to Criminal Case Docs
Insider Trading
Judge Marrero Conditions Approval of $614 Million SAC Capital Settlement on Pending Second Circuit Ruling
By Charles Michael on
In an opinion filed today, Judge Marrero conditionally approved a $614 million insider trading settlement between the SEC and SAC Capital — the largest insider trading settlement ever (see our prior post). The approval is contingent on a ruling from the Second Circuit that raises similar questions of whether and when it is appropriate for courts to approve SEC settlements in which the defendants neither admit nor deny wrongdoing. Judge Marrero seemed to indicate, however, his view that the practice may not be appropriate in all cases:
Continue Reading Judge Marrero Conditions Approval of $614 Million SAC Capital Settlement on Pending Second Circuit Ruling
SEC and SAC Capital Reach Largest Ever Settlement for Insider Trading Case
By Matthew Popowsky on
Judge Rakoff Dismisses Insider Trading Class Action, Notes the Dilemma of Heightened Pleading Standards
By Charles Michael on