Opposing portrayals of a former trader at SAC emerged during opening statements at his criminal insider trading trial in Federal District Court.» Read More
The judge in the SAC case will wait to decide whether to accept SAC's guilty plea until after a pre-sentencing report is filed.
Lawyers for SAC portfolio manager Michael Steinberg have asked a judge to weed out prospective jurors with views on the firm's settlement agreement.
Charged with providing insider information to SAC Capital, former sell-side analyst Sandeep Aggarwal, is scheduled to appear in court to enter a guilty plea.
CNBC's Scott Cohn reports former sell-side analyst Sandeep Aggarwal has agreed to plead guilty to insider trading charges.
CNBC's Kate Kelly reports SAC Capital is negotiating with the SEC over terms of its "unwinding" of its current third-party investments.
Discussing whether the SAC insider trading case impacts the markets, with Don Luskin, Trend Macro, and Jeff Kilburg, KKM Financial.
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 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.
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.
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.
CNBC's Kate Kelly reports SAC Capital has pleaded guilty to 5 counts of securities and wire fraud charges, and has agreed to pay $1.8 billion in total penalties.
CNBC's Scott Cohn and Bethany McLean, Vanity Fair contributing editor, discuss the large scope of the SAC investigation.
CNBC's Carl Quintanilla and David Faber speak with and Harvey Pitt, Kalorama Partners CEO, about the SAC agreement to terminate its investment advisory business.
After being cleared of insider trading accusations by the SEC, billionaire Mark Cuban said the case was personal and reiterated that he did nothing wrong.
"This SEC insider trading case was personal," says Dallas Mavericks owner and Chairman of AXS TV Mark Cuban, after being acquitted. "I didn't settle because I did nothing wrong," he adds.
SAC Capital Advisors will close its London office and cut six portfolio management teams in the United States, the hedge fund’s management revealed.
CNBC's Dominic Chu reports SAC Capital will be closing its London office due to the impact of the government's ongoing investigation of alleged insider trading.
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.