Pfizer has agreed to accept $29m to resolve a long-running dispute linked to the US Securities and Exchange Commission’s 2013 insider trading settlement with SAC Capital Management, the former hedge fund of Steven A Cohen, according to a report by Reuters.
The proposed payment, disclosed in a court filing on Tuesday, represents part of the $75.2m remaining from SAC Capital’s $601.8m settlement over illegal trades in pharmaceutical companies Wyeth and Elan by former portfolio manager Mathew Marto...
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