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Steven Cohen

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  • SAC Capital to become a 'family office' Tuesday, 5 Nov 2013 | 11:54 AM ET

    SAC Capital says it will manage only the capital belonging to founder Steve Cohen, his relatives and certain employees.

  • Former FDIC chair Shelia Bair feels the $1.8 billion fine against SAC hurts and she applauds the U.S. Attorney and SEC for bringing charges against SAC.

  • SAC settlement awaiting approval by judges     Monday, 4 Nov 2013 | 4:17 PM ET

    SAC Capital Advisors is expected to pay $1.8 billion to the federal government after pleading guilty to criminal fraud charges. CNBC's Kate Kelly reports the latest details.

  • Cohen's 2013 compensation likely to exceed fine Monday, 4 Nov 2013 | 4:05 PM ET
    Steve Cohen, chairman and chief executive officer of SAC Captial Advisors LP.

    Steven Cohen will likely earn more in 2013 than the $1.8 billion he has paid in settlements for SAC Capital, said people close to the matter.

  • SAC Capital takes responsibility     Monday, 4 Nov 2013 | 2:09 PM ET

    SAC said that it is responsible "for the handful of men who pleaded guilty and whose conduct gave rise to SAC's liability." CNBC's Kate Kelly reports.

  • Record insider trading penalty     Monday, 4 Nov 2013 | 2:07 PM ET

    U.S. Attorney Preet Bharara says it is rare to hold a corporate entity like SAC Capital accountable for these types of securities fraud charges, reports CNBC's Kate Kelly.

  • What's next for SAC?     Monday, 4 Nov 2013 | 1:35 PM ET

    Are some institutions too big to jail? CNBC's Kate Kelly says this unprecedented case is not over yet and this settlement serves as a warning to what potential litigation lies ahead.

  • April Brooks, FBI special agent-in-charge, says SAC's plea demonstrates that cheating and breaking the law were permitted and allowed to persist. SAC will terminate operations as an investment adviser, Brooks added.

  • U.S. Attorney Preet Bharara announces the resolution to the SAC plea agreement which does not involve guilt by any individual nor does it provide criminal protection or immunity for any individuals going forward.

  • SAC Capital investigation is ongoing     Monday, 4 Nov 2013 | 1:05 PM ET

    CNBC's Scott Cohn and Bethany McLean, Vanity Fair contributing editor, discuss the large scope of the SAC investigation.

  • SAC to end advisory business in plea agreement Monday, 4 Nov 2013 | 10:54 AM ET

    Hedge fund SAC Capital has agreed to pay $1.8 billion in an insider-trading settlement with the U.S.

  • U.S. to settle with SAC soon     Monday, 4 Nov 2013 | 6:06 AM ET

    CNBC's Kate Kelly reports that SAC Capital will settle with the Federal government for a $1.8 billion fine and will plead guilty to at least one count of securities fraud.

  • Awaiting SAC Capital's settlement     Monday, 28 Oct 2013 | 3:48 PM ET

    SAC Capital could reach an agreement with Federal prosecutors as early as this week, reports CNBC's Kate Kelly. In the wake of a settlement, SAC must either become a family office, or close down entirely.

  • SAC, prosecutors are ready to settle: Sources Monday, 28 Oct 2013 | 12:48 PM ET

    Federal prosecutors are close to finalizing a settlement with SAC Capital, according to sources, who added that a deal could be announced this week.

  • SAC likely to plead guilty     Monday, 28 Oct 2013 | 12:43 PM ET

    SAC Capital Advisors is near a settlement deal with U.S. prosecutors which would force the fund to close or become a family office, reports CNBC's Kate Kelly with the latest details.

  • SAC moving closer to settlement: CNBC's Kelly     Thursday, 17 Oct 2013 | 2:21 PM ET

    CNBC's Kate Kelly reports SAC Capital's Steve Cohen has downsized his own trading book significantly, and the hedge fund is moving closer to a settlement with Justice officials.

  • Iran icebreaker set at UN     Tuesday, 24 Sep 2013 | 7:25 PM ET

    Federal prosecutors are asking SAC Capital for $2 billion to settle criminal insider trading charges, reports CNBC's Mary Thompson; and CNBC's Michelle Caruso-Cabrera reports President Obama and Iranian President Hassan Rouhani did not shake hands at the UN General Assembly today.

  • Intuit CEO: Stepped back & reimagined projects     Tuesday, 24 Sep 2013 | 5:15 PM ET

    Intuit has just announced its partnership with mobile payment giant "Square." CNBC's Jon Fortt speaks with Intuit's CEO Brad Smith about whey they chose Square and are not doing it themselves. CNBC's Kate Kelly reports settlement talks between SAC Capital and the Department of Justice are at a very early stage.

  • SAC lawyers discuss settling insider trading case Tuesday, 24 Sep 2013 | 4:25 PM ET

    Lawyers for the hedge fund SAC Capital and prosecutors met to discuss a potential settlement of the case.

  • Prosecutors propose settlement for SAC     Tuesday, 24 Sep 2013 | 3:37 PM ET

    CNBC's Kate Kelly reports Fed prosecutors allegedly proposed settling the insider trading case with SAC Capital for $1.5-2 billion. SAC lawyers are expected to submit a counter offer in coming weeks.