| SAC in record $614m insider settlements | SAC Capital, the hedge fund run by Steven Cohen, paid $614m to settle civil insider trading charges, in what regulators say is the largest payment over an insider trading inquiry.
SAC's CR Intrinsic division agreed to pay $600m to settle allegations it profited after trading shares of Wyeth and Elan in advance of the release of negative clinical drug trial results.
Sigma Capital, a separate unit of SAC, agreed to pay $14m to settle allegations that fund portfolio managers traded in advance of Dell earnings results.
In both settlements with the Securities and Exchange Commission SAC did not admit or deny wrongdoing.
http://link.ft.com/r/S4XZQQ/NRTAJ5/ZBYFC4/5VH6I4/6ASG9M/D5/h?a1=2013&a2=3&a3=15
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