04-30-2017  11:19 pm      •     
  • 1
  • 2
  • 3
  • 4

NEWS BRIEFS

"How to Prepare for an Earthquake"

Free presentation on earthquake preparedness at Roosevelt High School, May 2 ...

Clark College Hosts Over 100 Employers at Job Fair

Annual Career Days workshops and job fair provides students and community members with skills and connections to find jobs ...

Oscar Arana Chosen to Lead NAYA’s Community Development

Oscar Arana to serve as NAYA’s next Director of Community Development ...

High School Students Launch Police Forum, May 16

Police Peace PDX is a student-founded organization that bridges divides between community and police ...

U.S. & WORLD NEWS

OPINION

Take Care of Yourself, Your Health and Your Community

Sirius Bonner, Director of Equity and Inclusion for Planned Parenthood Columbia Willamette, writes about the importance of...

Sponsors of Hate Today Must Be Held Accountable

The Foundation for the Carolinas has spent tens of millions of dollars over the years supporting groups that sponsor hate ...

John E. Warren on the Woes of Wells Fargo

Wells Fargo's rating downgraded from "Outstanding" to "Needs to Improve" ...

CBC Opposes Nomination of Judge Gorsuch and the Senate Should Too

Americans need a Supreme Court justice who will judge cases on the merits, not based on his or her personal philosophies ...

AFRICAN AMERICANS IN THE NEWS

ENTERTAINMENT

NEW YORK (CNNMoney) -- SAC Capital attorneys entered not guilty pleas to the federal criminal charges against the hedge fund at the initial hearing in the case Friday morning.



SAC Capital was represented by attorneys from two top New York law firms: Willkie Farr & Gallagher and Paul, Weiss, Rifkind, Wharton & Garrison. The hearing was held before U.S. District Court Judge Laura Taylor Swain.

Swain set Sept. 24 for the next hearing in the case.

U.S. Attorney Preet Bharara brought criminal charges against the firm Thursday accusing it of engaging in a pattern of insider trading that was "on a scale without known precedent in the hedge fund industry." Six former portfolio managers or research analysts from SAC have already pleaded guilty to insider trading while at the firm, with two more awaiting trial.

A spokesman for the firm said Thursday that the firm's employees who have pleaded guilty do not "reflect the honesty, integrity and character of the thousands of men and women who have worked at SAC over the past 21 years."

Steven Cohen, the billionaire founder and CEO of SAC, was not at Friday's hearing.

Cohen himself does not face criminal charges although the Securities and Exchange Commission has filed civil charges against him. Bharara would not rule out the possibility of future charges against Cohen, saying that the investigation is ongoing.

The U.S. Attorney is seeking forfeiture of at least hundreds of millions of dollars from the firm.

™ & © 2013 Cable News Network, Inc., a Time Warner Company. All rights reserved.

 

Oregon Lottery
Calendar
The Armory Constellations

Photo Gallery

The Talented Ones

Mary's Wedding