Share

Videos

SAC Capital Deal With U.S. Prosecutors Gets Closer: Source

wochit business
|
October 17, 2013 AT 1:29 PM
By Matthew Goldstein and Katya Wachtel NEW YORK (Reuters) - A deal between SAC Capital and U.S. prosecutors to resolve a criminal insider trading case against the firm could come in a few days, a source familiar with the matter said on Thursday. Any potential deal between Steven A. Cohen's SAC Capital and federal authorities would likely involve some admission of liability by the firm and a payment of a penalty of more than $1 billion, the source said. ...