Steven Cohen Hired Boies To Defend Him In SEC Probe [REPORT]

Steven Cohen of SAC Capital Advisors hired David Boies last year to defend him in the Securities and Exchange Commission insider trading probe that has so far resulted in SAC Capital now being unable to manage other people’s investments on top of $1.8 billion in fines and settlements from multiple civil and criminal lawsuits, says a source familiar with the proceedings, report Svea Herbst-Bayliss and Nate Raymond for Reuters. SAC Capital settled with the SEC, but Steven Cohen maintains his innocence While SAC Capital has settled with the SEC (and changed its name to Point72 Asset Management), Steven Cohen himself has…