March 13, 2014 / 8:10 PM / 4 years ago

BRIEF-SEC files insider trading lawsuit against analyst at SAC Capital unit

March 13 (Reuters) - * SEC files civil insider trading lawsuit against ronald dennis, an analyst at

sac capital unit cr intrinsic investors -- court filing * SEC says dennis caused cr intrinsic portfolio managers to illegally trade in

Dell Inc, foundry networks inc based on material nonpublic information * SEC says the trades caused a cr intrinsic hedge fund to generate $2.7 million

of profits or avoided losses * SEC says dennis at least once indirectly caused an sac capital portfolio

manager to trade in Dell based on his tips, resulting in over $1.1 million

profit for an sac capital hedge fund * SEC filed lawsuit in Manhattan federal court, seeks to impose civil fines

against and recoup illegal gains from dennis

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