SAC’s Cohen Said to Remain Under U.S. Probe If Deadline Missed
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SAC Capital Advisors LP founder Steven Cohen will remain under federal investigation even if prosecutors miss a late July deadline for charging him in the largest insider-trading case in history, a person familiar with the probe said.
Cohen, 57, probably won’t face charges over July 2008 trades triggered by his then-portfolio manager Mathew Martoma, the Wall Street Journal reported last week. Martoma is accused of recommending that SAC sell shares of two drug companies, based on an illegal inside tip he received.