Steve Cohen, Chicago billionaire hedgy, is without doubt enjoying his 4th of July weekend holiday. Throw some more dogs on the grille, baby. It's party time. Invite the neighbors, honey.
It looks as if the federal prosecutors have either botched the case against him or didn't have enough of a case all along.
This case was about the insider-trading scheme run by SAC portfolio manager, Mathew Martoma.
Insider trading is always so very tough to prove. However, it gives lawyers on both sides something to do. And in a tough employment environment for jobs for lawyers, it could be viewed on win-win terms for the legal industry.
Enjoy watching Cubs baseball this weekend!
Steve.
