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SAC Capital pleads guilty in NY in $1.8B deal

November 9, 2013
By LARRY NEUMEISTER , The Associated Press

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.



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