From our private database of 30,900+ case briefs...
In the Matter of Steven A. Cohen
Securities and Exchange Commission
No. 3-15382 (2013)
Steven A. Cohen (defendant) was the founder and owner of S.A.C. Capital Advisors, LLP, a hedge fund. In 2008 two portfolio managers told Cohen that they had received nonpublic information about publicly traded companies and indicated that it may have been inside information. Based on the inside information, the portfolio managers engaged in illegal insider trading that earned profits and avoided losses totaling over $275 million. Cohen did nothing to stop the portfolio managers from acting on the inside information and complimented the managers on their work, giving one a $9 million bonus. The Securities and Exchange Commission (SEC) (plaintiff) opened an investigation into Cohen, alleging that Cohen failed to supervise the portfolio managers in violation of the Investment Advisers Act.
Rule of Law
Holding and Reasoning (Per curiam)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 551,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.Unlock this case briefRead our student testimonials
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.Learn about our approachRead more about Quimbee
Here's why 551,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 30,900 briefs, keyed to 984 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.