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SAC Capital pleads guilty in New York in $1.8 billion deal

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NEW YORK — SAC Capital Advisors pleaded guilty to criminal fraud charges Friday, satisfying a deal with the government that requires the Connecticut-based hedge fund to pay a record $1.8 billion to settle charges that it allowed, if not encouraged, insider trading to occur for more than a decade. The plea came in U.S. District Court in Manhattan four days after the government announced...