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SAC Lawyers Reach Out To Prosecutors

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September 23, 2013 AT 3:38 PM
Lawyers for hedge fund SAC Capital Advisors reached out to prosecutors in New York to say that SAC founder Steven Cohen is interested in settling the civil and criminal cases against him and his company. After a multiyear investigation conducted by the U.S. Attorney's Office, the FBI, and the Securities and Exchange Commission, a grand jury indicted SAC Capital on July 25, accusing the firm of fostering a culture where employees engaged in rampant securities fraud.