SAC Capital Advisors

Steve Cohen Is Reveling In Insider Trading Ruling

Fox Business Network’s (FBN) Senior Correspondent Charlie Gasparino reports Point 72, previously known as SAC Capital, founder Steve Cohen is “ebullient” over the “precedent-setting ruling” by the Second Circuit Court of Appeals on Wednesday that overturned the convictions of traders Anthony Chiasson and Todd Newman. Gasparino reports Cohen said at a company holiday party, “today we received very good news from the courts that would benefit both the firm going forward and its traders who have been snared in the crackdown.”

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