{"id":34941,"date":"2013-04-15T09:06:58","date_gmt":"2013-04-15T13:06:58","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=34941"},"modified":"2013-04-15T09:06:58","modified_gmt":"2013-04-15T13:06:58","slug":"sac-capital-sued-by-wyeth-investors-in-tiping-claim","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2013\/sac-capital-sued-by-wyeth-investors-in-tiping-claim.html","title":{"rendered":"SAC Capital Sued by Wyeth Investors in Tiping Claim"},"content":{"rendered":"<p>Bloomberg &#8211; SAC Capital Advisors LP was sued by a public pension fund that holds shares of Wyeth LLC, now a unit of\u00a0Pfizer Inc., over alleged insider trading on tips about an Alzheimer\u2019s drug.<\/p>\n<p>Birmingham Retirement &amp; Relief System sued SAC, its founder, Steven A. Cohen, and SAC units including CR Intrinsic Investors LLC, claiming damages for alleged illegal trading by the hedge fund in the drugmaker\u2019s stock. Stamford, Connecticut- based SAC last month agreed to pay a record $602 million to settle insider-trading allegations filed by the Securities and Exchange Commission.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2013-04-12\/sac-capital-sued-by-wyeth-investors-in-tiping-claim\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; SAC Capital Advisors LP was sued by a public pension fund that holds shares of Wyeth LLC, now a unit of\u00a0Pfizer Inc., over alleged insider trading on tips about an Alzheimer\u2019s drug. Birmingham Retirement &amp; Relief System sued [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-34941","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=34941"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34941\/revisions"}],"predecessor-version":[{"id":34943,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/34941\/revisions\/34943"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=34941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=34941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=34941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}