Bernstein Liebhard LLP Announces Investigation Into SAC Capital And Affiliates

NEW YORK, Jan. 30, 2013 /PRNewswire/ -- Bernstein Liebhard LLP today announced that it is investigating SAC Capital, the investment adviser of SAC Capital hedge funds, for its alleged mismanagement of the limited partnership and certain hedge funds that hold over $14 billion in assets.  SAC Capital Advisors and certain of its affiliates and principals (together "SAC") are the subject of both criminal and civil investigations by the Department of Justice and the Securities and Exchange Commission, respectively, for their alleged practice of procuring insider information and illegally trading on that information on a U.S. stock exchange.  In particular, an SAC Capital portfolio manager is under investigation for allegedly receiving from a doctor confidential data on a drug trial. This secret information, authorities say, allowed SAC to earn profits and avoid losses totaling $276 million, which prosecutors called the most lucrative insider trading ever uncovered.

(Logo: http://photos.prnewswire.com/prnh/20120202/MM47134LOGO )

If you are interested in discussing your rights as an investor in one of the SAC funds or affiliates listed below and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or seidman@bernlieb.com.

List of SAC Hedge Funds and affiliates of interest:
CR Intrinsic Investors, LLC
S.A.C. Capital Advisors, L.P.
S.A.C. Capital Advisors, Inc.
SAC Capital Management
SAC Capital International
SAC Global Diversified
SAC Multi-Strategy
Canvas Capital
SAC Capital Associates
SAC Meridian
SAC MultiQuant
SAC Select
Sigma Capital Management
S.A.C. Global Investors LLP, formerly Walter Capital Management

Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients.  It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last ten years.

Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com

ATTORNEY ADVERTISING. © 2013 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information
Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
http://www.bernlieb.com
(212) 779-1414
seidman@bernlieb.com

SOURCE Bernstein Liebhard LLP



RELATED LINKS
http://www.bernlieb.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.