Lawyers

• Ex-SAC manager avoids prison after cooperating in insider trading probe

  A former SAC Capital Advisors LP portfolio manager avoided prison on Thursday after helping federal authorities win a guilty plea and $1.8 billion in financial penalties from the hedge fund run by billionaire Steven A. Cohen.

• SAC's Martoma gets nine years prison for insider trading

  Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called the most lucrative insider trading scheme in U.S. history.

• Prosecutor recommends delay of Cohen's SEC proceeding

  Assistant US Attorney Arlo Devlin-Brown said in a letter to judge Brenda P. Murray yesterday that the administrative proceeding of SAC Capital Advisors LP founder Steven A. Cohen should be on hold until all criminal cases of his employees have been resolved.

• Martoma's camp asks for sentence reduction in SAC insider trading case

  Lawyer Richard Strassberg for defendant former SAC Capital Advisors LP hedge fund manager Mathew Martoma has asked a federal judge to give a reduced sentence to the former trader considering that other defendants had only received jail terms of at least two years, Bloomberg reported.

• US says Steinberg deservs a minimum 5 year-sentence over SAC insider trading

  The US government has said in a court filing that SAC Capital Advisors LP Michael Steinberg deserves at least a minimum of 5 years in jail and a $365,000 forfeiture for his insider trading activities, Bloomberg reported.

• Judge approves $900 M insider trading fine on SAC

  The recent approval of the $900 million the US government wishes to impose on former SAC Capital Advisors LP would mark the end of the prosecution and money laundering lawsuit brought by the office of Manhattan US Attorney Preet Bharara, Bloomberg said.

• Judge asks prosecutors SAC profit information prior to approval of $900M insider-trading settlement

  US District Judge Laura Taylor Swain has issued a one-page order for both the US prosecutors and SAC Capital Advisors LP's legal team to address six questions that might her reject or approve the pending $900 million insider trading fine.

• SAC seeks approval of $1.8 B settlement for insider trading scandal

  SAC Capital Advisors LP lawyer Martin Klotz has asked a coirt judge to sign the settlement that will have the firm shut down its investment advisory unit, along with paying a whopping $1.8 billion to settle the insider trading charges filed against them, Bloomberg said.

• Anonymous email urges kill of SAC plea deal to judge

  A critic emailed suggestions to presiding judge Laura Taylor Swain regarding her upcoming ruling on the criminal portion of the $1.8 billion settlement between the US government and hedge fund SAC Capital Advisors LP.