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Report: Stamford's SAC Hedge Fund Negotiating With Prosecutors

Hedge fund to begin talks to settle criminal charges.
Hedge fund to begin talks to settle criminal charges. Photo Credit: Thinkadvisor.com

STAMFORD, Conn. -- Stamford hedge fund SAC Capital Advisors and federal prosecutors began talks to settle criminal insider trading charges against the firm, according to a report by The New York Times.

Charges were filed against the hedge fund in July, according to the article.

Steven Cohen of Greenwich founded SAC Capital Advisors. He is worth an estimated $9.3 billion.

For the full story go to dealbook.nytimes.com

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