Steven A. Cohen News

SAC Capital’s Reinsurer to Be Sold to Investor Group Headed by Duperreault

Steven A. Cohen, the billionaire founder of SAC Capital Advisors LP, agreed to sell a reinsurer he formed in 2012 after the hedge fund firm reached a $1.8 billion deal to end a criminal investigation. A group led by former …

Insurer Fairfax Appeals SAC’s Dismissal From New Jersey Suit

Insurer Fairfax Financial Holdings Ltd. asked a New Jersey appeals court to reinstate its lawsuit against Steven A. Cohen’s SAC Capital Advisors LP claiming a campaign of false negative information. The appeal, filed May 31, asked the New Jersey Appellate …

Prosecutors Weigh Using Racketeering Law Against SAC

U.S. prosecutors are considering charging Steven A. Cohen’s SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Prosecutors may use the Racketeer Influenced and …