The Cohen Foundation will pay the last $135 million in insider case
Billionaire Stephen Cohen's former hedge fund SAC Capital Advisors LP, converted now to Point72 Asset Management LP, will close the question, insider trading controversy. In the near future, he will pay off the last affected investors., listing them $135 million, reports Reuters. Claims against SAC for illegal transactions with Elan Corp. and other drug maker Wyeth, on which the company has earned $275 million. This is about actions on the part of the fund manager Matthew Martoma, who worked at SAC and made decisions based on the advice of a Michigan doctor.