1. SAC in $1.8B Settlement with Justice Department

    SAC in $1.8B Settlement with Justice Department

    Hedge fund powerhouse SAC Captital Advisors will plead guilty to criminal insider trading charges Monday in a deal with federal prosecutors that will include a fine reportedly in the area of $1.8 billion...

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    1. The government believes that the proposed global resolution is fair, reasonable, and firmly promotes the interests of justice, deterrence and respect for the law. The aggregate $1.8 billion is – to the Government's knowledge – the largest financial penalty in history for insider trading offenses.
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