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SAC Capital Has A Reverse Midas Touch With Spinoffs


Parsad
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http://online.wsj.com/article/SB125746971902632491.html

 

 

Mr. Fortuna's complaint lists as co-conspirators two other hedge-fund managers, each of whom allegedly fed him inside information. Neither hedge fund is named but, according to the complaint, one of the hedge-fund managers gave Mr. Fortuna information about a Massachusetts company, while another gave him information about a Texas company.

 

Mr. Lee's complaint alleges he was exchanging information with at least six companies and one investor-relations firm as well as three hedge-fund managers who aren't named in the complaint. Mr. Far's complaint alleges he was exchanging information with four companies and four current or former hedge-fund managers who aren't named. The complaint alleges Messrs. Lee and Far paid some of their sources $2,000 per quarter in exchange for information. Other co-conspirators were paid $1,000 per quarter for information, the complaint alleges.

 

 

They only paid $2,000 a quarter for inside information?

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http://online.wsj.com/article/SB125746971902632491.html

 

 

Mr. Fortuna's complaint lists as co-conspirators two other hedge-fund managers, each of whom allegedly fed him inside information. Neither hedge fund is named but, according to the complaint, one of the hedge-fund managers gave Mr. Fortuna information about a Massachusetts company, while another gave him information about a Texas company.

 

Mr. Lee's complaint alleges he was exchanging information with at least six companies and one investor-relations firm as well as three hedge-fund managers who aren't named in the complaint. Mr. Far's complaint alleges he was exchanging information with four companies and four current or former hedge-fund managers who aren't named. The complaint alleges Messrs. Lee and Far paid some of their sources $2,000 per quarter in exchange for information. Other co-conspirators were paid $1,000 per quarter for information, the complaint alleges.

 

 

They only paid $2,000 a quarter for inside information?

 

 

Their sources must not have had the services of consultants to form a compensation committee.:)

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