Judge Signs Off On Portion Of $1.8B Plea Agreement In Insider Trading Suits

Judge Signs Off On Portion Of $1.8B Plea Agreement In Insider Trading Suits

NEW YORK - The federal judge in New York overseeing the U.S. government's civil forfeiture action against a hedge fund and certain of its related entities on Nov. 6 granted approval of a plea deal that will see the defendants paying $1.8 billion to settle claims that they engaged in a massive insider trading scheme (United States of America v. SAC Capital Advisors LP, et al., No. 13-5182, S.D. N.Y.).

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