NEW YORK May 23 Lawyers for SAC Capital
Advisors called a meeting with U.S. prosecutors and agents from
the Federal Bureau of Investigation in April to argue that there
should be no insider trading charges filed against the $15
billion hedge fund or its founder Steven A. Cohen, according to
sources familiar with the matter.
Lawyers for the firm made an "aggressive presentation,"
according to the sources, reviewing the government's
investigation trade-by-trade to support their claim that the
government did not have enough evidence to charge Cohen.
A lawyer for SAC Capital could not be reached for comment.
Representatives of the FBI declined to comment.