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SAC Unit Will Pay $600M To Settle Insider Trading Claims

By Richard Vanderford ( March 15, 2013, 2:24 PM EDT) -- A unit of hedge fund SAC Capital Advisors LP has agreed to pay more than $600 million to resolve allegations that it traded on inside information about an experimental Alzheimer's drug, the largest ever settlement in an insider trading suit, the U.S. Securities and Exchange Commission said Friday....

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