SAC Capital Advisors, owned by billionaire Steven A. Cohen, agreed to pay $616 million to settle insider trading cases. The settlement includes $602 million for improper trading related to pharmaceutical companies and $14 million for trading technology stocks. The cases highlight SAC's role in insider trading prosecutions, though Cohen was not charged. The settlement awaits court approval and does not prevent future charges against individuals.
documents/EFTA00591160.pdf
{}