The documents don’t name Cohen, instead referring to “the hedge-fund owner.” The SEC identified Martoma as an employee of CR Intrinsic, which is a unit of SAC Capital. Cohen is the founder and owner of SAC. Neither prosecutors nor the SEC alleged that Cohen knew Martoma’s information was obtained illegally.
Tom Conheeney, president of SAC, said on a Nov. 28 conference call with clients that the firm will pay any penalties rather than investors, a person with knowledge of the call said at the time.