U.S. charges SAC Capital with insider trading crimes
By Emily Flitter, Svea Herbst-Bayliss and Jonathan Stempel
NEW YORK | Thu Jul 25, 2013 8:54pm EDT
snip
Among suspect trades was Cohen's August 2008 sale of a $12.5 million stake in Dell Inc, launched within 10 minutes after he was forwarded an email in which Horvath told Steinberg, based on a "2nd hand read from someone at the company," that the computer maker's earnings would disappoint.
By Emily Flitter, Svea Herbst-Bayliss and Jonathan Stempel
NEW YORK | Thu Jul 25, 2013 8:54pm EDT
snip
Among suspect trades was Cohen's August 2008 sale of a $12.5 million stake in Dell Inc, launched within 10 minutes after he was forwarded an email in which Horvath told Steinberg, based on a "2nd hand read from someone at the company," that the computer maker's earnings would disappoint.