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Law Lawsuits

  • Shelia Bair: SAC's Cohen shouldn't manage money again

    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

    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.

  • SAC Capital: We take responsibility

    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

    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.

  • Should big banks be worried?

    CNBC's Tyler Mathisen, Bob Pisani and Dominic Chu discuss the fallout from the SAC Capital settlement and the likelihood U.S. Attorney Bharara will go after individuals.

  • What's next for SAC?

    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.

  • FBI: SAC cultivated a culture of corporate corruption

    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.

  • Bharara: SAC insider trading was substantial and pervasive

    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.

  • Landmark deal: SAC to pay $1.8 billion

    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.

  • SAC Capital investigation is ongoing

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

  • SAC agrees to $1.8 billion settlement

    CNBC's Kate Kelly reports SAC Capital has pleaded guilty to a combination of 5 counts of securities and wire fraud charges. SAC has agreed to pay $1.8 billion to the U.S government.

  • Johnson & Johnson to pay $2.2 billion

    Attorney General Eric Holder is expected to announce a $2.2 billion fine against Johnson & Johnson. CNBC's Scott Cohn reports the latest details.

  • Concerns about anyone doing business with SAC: Pitt

    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.

  • US Attorney announces proposed resolution for SAC case

    CNBC's Kate Kelly reports U.S Attorney Preet Bharara has announced a proposed resolution for the SAC insider trading case. Details of the settlement will be released at the 1pm press conference held by Bharara.

  • SAC reduced to 'family office'

    CNBC's Jim Cramer and David Faber discuss the implications of the SAC settlement and Steven Cohn's interest in buying a Major League Baseball team.

  • Landmark settlement: SAC to plead gulity

    CNBC's Kate Kelly reports the latest on the expected SAC plea with the DOJ and the record fiscal details of the settlement.

  • JPM reaches $5.1 billion settlement with FHFA

    JPMorgan reaches a $5.1 billion settlement with FHFA related to the sale of mortgage-backed securities.

  • Jack Welch: Jamie Dimon is a great CEO

    The former GE chief said the JPMorgan head is "in the crosshairs" and that he hopes the bank's settlement "clears the decks."

  • JPM's California problem

    After agreeing with the federal government to settle mortgage security issues for $13 billion, JPMorgan may have more mortgage headaches ahead. CNBC's Kate Kelly reports the details.

  • Harvard's Dershowitz on JPM settlement

    Alan Dershowitz, author of "Taking the Stand," says he would absolutely defend JPMorgan, but the presumption of innocence doesn't operate in these large cases.