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"Steven Cohen Only Opens 11% of His Emails": Lawyers in Insider Trading Case

SAC Capital Advisors is defending allegations that hedge fund manager Steven Cohen was involved in an insider trading scandal, claiming that he didn't read the emails at the center of the allegations. The company said that Cohen receives about 1,000 emails a day and only opens about 11% of them. Dmitri Leonov, VP for growth at Sanebox, told CNN Money that this was entirely possible since executives are often bombarded with more emails than they can manage. According to Sanebox's research, the average Sanebox user only considers 42% of their emails important.

Read the whole story at CNN Money »

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