SAC, prosecutors strike trading firm

New York (Reuters) - A U.S. judge on Friday approved A deal that allowed hedge funds continue to operate, and criminal cases for Steven a. Cohen's hedge fund SAC capital advisors, as well as between federal prosecutors. Manhattan federal judge Richard Sullivan, a protection order, sasac holds most of the assets management Cohen. Although the company is in normal operation, some employees leave, investor demands to reduce the size of the capsule of labor force, will need to last Friday. The agreement has been widely expected, because Manhattan federal prosecutors last month criminal charges and civil confiscation of assets of a $1.4 billion fund claim, but it needs to be approved in assets not the case, the presiding judge. , the court said that in order to preserve the availability of the civil confiscation of state-owned assets supervision and administration of the SAC property legal operation, and avoid unnecessary interference. , upon the approval of the judges of the agreement, which requires state-owned assets supervision and administration to maintain 85% of the assets

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