Reuters: Regulatory News: U.S. court doesn't rule on SAC Capital's SEC settlement

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U.S. court doesn't rule on SAC Capital's SEC settlement Mar 28th 2013, 15:18 NEW YORK, March 28 | Thu Mar 28, 2013 11:18am EDT NEW YORK, March 28 (Reuters) - A U.S. judge ended a hearing on the U.S. Securities and Exchange Commission's proposed $602 million settlement with a unit of SAC Capital Advisors without making a decision on whether to approve it. U.S. District Judge Victor Marrero in Manhattan said he was considering whether to condition approval of the settlement on the outcome of a pending appeal by Citigroup Inc of another judge's rejection of a $285 million SEC settlement. "What the court is suggesting here is not extraordinarily novel," he said.

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