SAC Capital To Pay $1.2 Billion Insider Trading Settlement

SAC Capital has agreed to pay $1.2 billion to settle criminal insider trading charges. SAC will also plead guilty to multiple counts of securities fraud and will close its business to outside investors. The agreement will be submitted to two district court judges for approval. SAC's founder Steven Cohen has been under investigation, but was not charged today.

Source: http://www.npr.org/templates/story/story.php?storyId=243056247&ft=1&f=1006

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