Deals
SAC Capital Probe Yields New Insider-Tipping Arrest
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The probe of SAC Capital Advisors LP, which has led to insider-trading charges against the hedge fund and eight SAC employees, has snared an outside analyst who is accused of giving illegal tips to a former SAC manager.
Sandeep Aggarwal, 40, of Gurgaon, India, was arrested July 29 by agents of the Federal Bureau of Investigation in San Jose, California, said Peter Donald, an FBI spokesman in New York. He is alleged to have provided inside information to ex-SAC portfolio manager Richard Lee related to a deal involving Yahoo! Inc. and Microsoft Corp.