U.S. judge accepts SAC guilty plea, OK's $1.2 billion deal

[riky]

U.S. judge accepts SAC guilty plea, OK's $1.2 billion deal

<p><a href="http://news.yahoo.com/judge-accepts-sac-guilty-plea-approves-1-2-210022667--sector.html"><img src="http://l1.yimg.com/bt/api/res/1.2/0dwEe2h4Dyq27320038WNA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-04-10T190637Z_4_CBREA39184W00_RTROPTP_2_SAC-FUND-CHARGES.JPG" width="130" height="86" alt="An exterior view of the headquarters of SAC Capital Advisors, L.P. in Stamford, Connecticut" align="left" title="An exterior view of the headquarters of SAC Capital Advisors, L.P. in Stamford, Connecticut" border="0" /></a>By Nate Raymond NEW YORK (Reuters) - SAC Capital Advisors' $1.2 billion criminal settlement for insider trading received final court approval on Thursday, as a U.S. judge accepted a guilty plea from the hedge fund firm run by billionaire Steven A. Cohen. At a hearing in Manhattan federal court, U.S. District Judge Laura Taylor Swain accepted SAC Capital's guilty plea to fraud charges and payment of a $900 million fine. In total, SAC Capital has agreed to pay $1.8 billion to resolve criminal and civil probes into insider trading.</p><br clear="all"/>

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