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SAC Says It Is No Longer Cooperating With Insider Trading Investigation: The New York Times DealBook Alert May 17, 2013::

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| NEWS ALERT DEALBOOK ALERT Friday, May 17, 2013 4:00 PM EDT SAC Says It Is No Longer Cooperating With Insider Trading Investigation AC Capital Advisors, the hedge fund owned by the billionaire investor Steven A. Cohen, told its investors on Friday that it was no longer cooperating with the government’s insider trading investigation. “In the past we have tried to be as transparent with you as possible about the state of the investigation while balancing our desire for transparency with the need to keep the details of a sensitive investigation confidential,” said the letter. “While we have in the past told you of our cooperation with the government’s investigation our cooperation is no longer unconditional and we do not intend to give updates in this area going forward.” The firm said that it expects that there will be substantially more clarity as to the ultimate outcome of the investigation in the coming months. “During