Breaking News

Elan shareholders sue Cohen’s SAC Capital for nearly $1B

A group of burned investors wants Steve Cohen’s SAC Capital to fork over nearly $1 billion — cash the hedge-fund giant earned by trading on alleged inside information of drug company Elan Corp.
The Elan shareholders filed an amended and consolidated class action complaint in Manhattan federal court today, and… …read more
Source: NY Post

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Posted by on May 17, 2013. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.