Breaking: Judge accepts SAC’s guilty plea, criminal penalty still under discussion in courtroom

U.S. District Court Judge Laura Taylor Swain accepted a guilty plea by SAC Capital on insider trading charges, but some other issues were still being ironed out on the settlement late Thursday morning.

The widely followed case against SAC Capital moved forward on Thursday, with the once thriving hedge fund pleading guilty to insider-trading charges.

U.S. District Court Judge Laura Taylor Swain had some late questions, which she directed to lawyers on both sides of the case. But she did accept the firm’s guilty plea on Thursday in a Manhattan federal court, news reports said.

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Ed Silverstein

Ed Silverstein is a veteran writer and editor for magazines, websites and newspapers. A graduate of Harvard's Kennedy School of Government, he has won several...

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