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Judge approves $602M SAC Capital settlement

A federal judge approved a $602 million settlement between securities regulators and an SAC Capital Advisors L.P. unit despite expressing his reservations over the language of the agreement.

SAC under scrutiny as former employee faces charges

Mathew Martoma, a former portfolio manager of SAC Capital Advisors subsidiary CR Intrinsic Investors L.L.C., and Sidney Gilman were charged Nov. 20 by the SEC for their alleged roles in a $276 million insider trading scheme.