The Final Nail in SAC's Coffin

SAC’s spokesman made a statement on Friday that the prosecutor’s office and SAC hope to be working “on an agreement” to “reasonably protect all parties’ legitimate interests” and permit SAC expressly to conduct ongoing ordinary business.

The only problem is, there’s no such thing as “ordinary business” of a firm when the firm is under federal criminal charges. Presumption of innocence doesn’t matter.

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