An Oxymoron: $1-to-2 Billion Penalty With No Wrongdoing
Coaching Tip
OCTOBER 18, 2013
Hedge-fund group SAC Capital Advisors LP and federal prosecutors have agreed in principle on a penalty exceeding $1 billion in a potential criminal settlement that would be the largest ever for an insider-trading case, according to people familiar with the matter. Source: The Wall Street Journal, October 18, 2013. SAC CEO Steven A.
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