Judge Tables SAC Settlement, and Steven A. Cohen Goes Shopping

Steven Cohen, chairman and CEO of SAC Capital Advisors, at the Robin Hood Veterans Summit in New York on May 7 Photograph by Scott Eells/Bloomberg

“There is something counterintuitive and incongruous in a party agreeing to settle a case for $600 million that might cost $1 million to defend and litigate if it truly did nothing wrong,” said U.S. District Judge Victor Marrero yesterday.

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