Zamansky LLC, securities fraud attorneys, announces that it is investigating SAC Capital, the hedge fund run by billionaire Steven A. Cohen. On July 25, 2013, SAC Capital Advisors, one of Wall Street’s largest hedge funds, was indicted on criminal charges for its role in “systematic” insider trading offenses committed over a decade that generated hundreds of millions of dollars in profits for the firm.
According to the indictment, the problems at SAC Capital partly stemmed from a breakdown in internal controls — and ethics. The indictment cited “an institutional indifference” to wrongdoing that “resulted in insider trading that was substantial, pervasive and on a scale without known precedent in the hedge fund industry.”
This indictment has damaged SAC investors and employees.
See Jake Zamansky’s July 25, 2013 interview on CNBC.
If you are interested in pursuing your rights as an investor or employee of one of the SAC funds or affiliates listed below and/or have information related to the matter, please email email@example.com or call the law firm at (212) 742-1414.
List of SAC Hedge Funds and affiliates of interest:
• CR Intrinsic Investors, LLC
• S.A.C. Capital Advisors, L.P.
• S.A.C. Capital Advisors, Inc.
• SAC Capital Management
• SAC Capital International
• SAC Global Diversified
• SAC Multi-Strategy
• Canvas Capital
• SAC Capital Associates
• SAC Meridian
• SAC MultiQuant
• SAC Select
• Sigma Capital Management
• S.A.C. Global Investors LLP, formerly Walter Capital Management
Zamansky LLC is one of the leading law firms specializing in hedge fund fraud, employee defamation and securities arbitration and class action litigation. We represent both individual and institutional investors, as well as financial services employees. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover losses.
50 Broadway – 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414