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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.
