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Securities Excahnge Commission

Judge Approves SAC Plea, Closing a Painful Chapter

“In the span of a week, Steven A. Cohen’s investment firm changed its name, hired a former federal prosecutor and became a felon.”

“Breaking months of suspense, a federal judge on Thursday approved the firm’s plea deal that resolved criminal insider trading charges and required a $1.2 billion penalty, closing a searing chapter in the 22-year history of Mr. Cohen’s once-mighty hedge fund.”