SAC Capital, U.S. to announce $1.2 billion settlement on Monday: media

(Reuters) - SAC Capital Advisors, Steven A. Cohen's multibillion-dollar hedge fund, and U.S. prosecutors are expected to announce on Monday a $1.2 billion settlement over criminal charges related to insider trading, media reports said.

from Reuters: Business News http://feeds.reuters.com/~r/reuters/businessNews/~3/rZaw5ciVKdM/story01.htm