Steven Cohen Escapes Charges

According to The Wall Street Journal, after months of “will they or won't they,” it looks like the federal government will not press charges against hedge-fund billionaire Steven A. Cohen. His firm, SAC Capital Advisors, was one of a handful of hedge funds at the center of the biggest crackdown on insider trading at hedge funds in history. Prosecutors had until late July to charge Cohen for offenses related to former SAC portfolio manager Mathew Martoma, but, as the deadline approached, they felt there was not enough evidence.