Justice can be slow—and for hedge fund billionaires, it can be glacial.
The civil case filed against SAC Capital founder Steven Cohen by the Securities and Exchange Commission could be delayed for months. In a letter on Wednesday to the judge overseeing the SEC’s case, prosecutors requested that the matter be postponed while the insider-trading cases of two former SAC traders, Michael Steinberg and Mathew Martoma, inch further toward their final resolution.
