U.S. News

CNBC's Gasparino: SAC Capital Receives  Harassment Complaint

By CNBC.com

One of the largest hedge funds in the U.S. is the target of a sexual harassment complaint.

CNBC's Charlie Gasparino reports that a senior portfolio manager at SAC Capital is accused by a junior analyst in civil charges filed in New York State Supreme Court Wednesday.

Andrew Tong accuses Ping Jiang in the complaint, which was sealed pending determination
of whether the case will go to arbitration. 

In addition, SAC Capital, run by billionaire recluse Steven Cohen, is accused by Tong of not doing enough to stop the harassment when Tong notified the Greenwich, CT-based company's

Lawyers for Tong refused to comment outside court on Wednesday. A lawyer for Jiang referred all calls to SAC Capital.

An SAC spokesman said: "Led by its outside counsel, SAC has conducted a thorough investigation of the allegations and has found them to be entirely without merit. The firm will vigorously defend itself against this transparent attempt to extort a settlement."