Civil Case Against SAC Capital Put On Hold

Judge Richard Sullivan has granted a request to stay proceedings in the civil  forfeiture case against Steve Cohen’s SAC Capital until January of next year, reports Nate Raymond of Reuters. The civil case against the $14 billion hedge fund is demanding access to “any and all assets” of SAC Capital, which the prosecutors have alleged is involved in one of the biggest insider trading schemes of history. SAC Capital facing criminal charges At the same time SAC faces another ongoing battle, a criminal case against the hedge fund, charging that its employees have been trading on illegal tips for over a decade….