Ex-SAC Capital trader gets 9-year sentence - USA TODAY

Sep 8, 2014 · NEW YORK — Former SAC Capital portfolio manager Mathew Martoma was sentenced to a nine-year prison term Monday for his role in what federal prosecutors called …

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Cohen, SAC Capital Reach $135M Insider-trading Settlement - USA …

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Dec 1, 2016 · Ex-SAC Capital trader gets 9-year sentence. SAC Capital, now known as Point72 Asset Management LP, is "pleased to have resolved this matter and close the books on this …

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Former SAC Trader Gets 9 Years In Prison - CNN Business

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Sep 9, 2014 · He was sentenced to 3-1/2 years, fined $2 million and forced to forfeit $365,000. Cohen, however, has never been charged with a crime, even though federal prosecutors have …

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Convicted SAC Capital Trader Seeks Lower Sentence - USA TODAY

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May 3, 2014 · The convictions played a key role in the record $1.8 billion insider-trading settlement that required SAC Capital to permanently cease handling investments for outside …

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FAQs about Ex-SAC Capital trader gets 9-year sentence - USA TODAY Coupon?

Did SAC Capital pay $616 million in insider trading cases?

"SAC Capital to Pay $616 Million in Insider Trading Cases". New York Times. No. DealBook. New York. The New York Times Company. p. A1. Retrieved 15 March 2013. ^ Katersky, Aaron (29 March 2013). "Hedge Fund Manager Michael Steinberg Charged With Insider Trading". ABC News. ABC News Network. Retrieved 29 March 2013. ...

How much money did Martoma make from SAC Capital?

Martoma pleaded not guilty to formal charges of securities fraud, two counts, and conspiracy which resulted in $276 million in profits for SAC Capital in 2008. The insider trading trial began on January 9, 2014 in the United States District Court for the Southern District of New York. ...

What happened to Michael Cohen's SAC Capital?

As part of court settlements, SAC Capital's transformation to Point72 Asset Management required the new company to cease trading for outsiders and instead manage and invest Cohen's personal finances. ...

How did SAC Capital deal with Wyeth shareholders?

Additionally, SAC Capital agreed to a $10 insider-trading settlement with Wyeth shareholders in Dec. 2015. As part of court settlements, SAC Capital's transformation to Point72 Asset Management required the new company to cease trading for outsiders and instead manage and invest Cohen's personal finances. ...

What happened at the insider trading trial in New York?

The insider trading trial began on January 9, 2014 in the United States District Court for the Southern District of New York. A jury of seven women and five men were selected to evaluate the evidence in a courtroom presided by U.S. District Judge Paul Gardephe. On February 6, 2014, Martoma was found guilty on all charges. ...

What is SAC Capital's settlement with Elan?

The agreement, filed Wednesday with a federal court that must approve the settlement, would end a 2012 class-action lawsuit that accused SAC Capital and its affiliates of reaping at least $276 million in profits gained and losses avoided on unlawful trades in Elan shares. ...