SAC Capital Advisors Pleads Not Guilty To Fraud Charges

SAC Capital Advisors pleaded not guilty to security and wire fraud charges in federal court in New York on Friday. Yesterday, the Department of Justice filed criminal charges against SAC Capital. Three of the hedge fund’s affiliates have been charged with four counts of securities fraud and one count of wire fraud. Not guilty plea by SAC Capital Advisors SAC’s general counsel, Peter Nussbaum, flanked by five high-powered defense lawyers, entered the non-guilty plea before U.S. District Judge Laura Taylor Swain in New York. 41-page indictment by prosecutors In their 41-page indictment, prosecutors earlier charged SAC Capital Advisors and its…