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Prosecutors give SAC Settlement Ultimatum
 
  Hedgeweb - THU, OCT 10 2013
Funds & Investment FT reports that US prosecutors have given SAC Capital until November to resolve criminal charges against the hedge fund founded by Steven Cohen or risk paying more than the $1.8bn offer on the table, according to people familiar with the matter.

Lawyers for SAC Capital met representatives from the US attorney‚??s office in Manhattan last month and argued the penalty being sought was too high. They are expected to return with a counter-offer, these people said.


Prosecutors give SAC Settlement Ultimatum

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