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SAC Probe Said to Be Hampered by Auto-Deleted E-Mails

Email Simon Stratford

The federal investigation of insider trading by SAC Capital Advisors LP and its founder, Steven A. Cohen, has been hampered by a lack of extensive e-mail evidence. One reason: During the period of time at the heart of the probe, July 2008, SAC automatically deleted its e-mails.

Cohen’s SAC Faces Client Querries as Investigators Circle

Calm down

SAC Capital Advisors is seeking to calm investor concern about founder Steven A. Cohen’s trading in two drug stocks and possible regulatory sanctions after prosecutors for the first time tied Cohen to a specific transaction at the center of an insider-trading investigation.

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