SAC Owes $549 Million for Elan Insider Trades

SAC Owes $549 Million for Elan Insider Trades Play

May 15 (Bloomberg) -- SAC Capital Advisors LP, the hedge fund company founded by Steven A. Cohen, owes Elan Corp. shareholders at least $549 million as a result of alleged insider trades in the drugmaker’s stock, shareholders claimed in a lawsuit. Bloomberg Businessweek's Sheelah Kolhatkar speaks with Deirdre Bolton on Bloomberg Television's "Money Moves." (Source: Bloomberg)

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