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Say What!? SAC’s Plea Bargain, Daniel Loeb’s Board Experience

“If we’re evaluating this for its deterrent effect, then I don’t think it is a major victory.” Jonathan Macey, Yale University law and finance professor, on the court hearing in which a U.S. District Judge approved SAC Capital’s guilty plea and $900 million criminal penalty. (via Wall Street Journal)—“Economically, that

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