SEC Info - Cohen Steven A/Sac Capital Mgmt LP, et al. - ‘3’ for 8/6/08 re: Medquist Inc.

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

S A C CAPITAL MANAGEMENT L L C

(Last)

(First)

(Middle)

540 MADISON AVENUE

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
8/6/08

3. Issuer Name and Ticker or Trading Symbol
MEDQUIST INC [ MEDQ ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, no par value	26,085,086	I	See Footnotes ⁽¹⁾ ⁽²⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

1. Name and Address of Reporting Person^*

S A C CAPITAL MANAGEMENT L L C

(Last)

(First)

(Middle)

540 MADISON AVENUE

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

CBay Inc.

(Last)

(First)

(Middle)

C/O CBAYSYSTEMS HOLDINGS LIMITED

2661 RIVA ROAD, BUILDING 1000, 5TH FLOOR

(Street)

ANNAPOLIS

21401

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

CBaySystems Holdings LTD

(Last)

(First)

(Middle)

2661 RIVA ROAD

BUILDING 1000, 5TH FLOOR

(Street)

ANNAPOLIS

21401

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

S.A.C. PEI CB Investment, L.P.

(Last)

(First)

(Middle)

C/O WALKERS SPV LIMITED

WALKER HOUSE 87 MARY STREET

(Street)

GEORGE TOWN, GRAND CAYMAN

KY1-9002

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

S.A.C. PEI CB Investment GP, LTD

(Last)

(First)

(Middle)

C/O WALKERS SPV LIMITED

WALKER HOUSE 87 MARY STREET

(Street)

GEORGE TOWN, GRAND CAYMAN

KY1-9002

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

S.A.C. Private Equity Investors, L.P.

(Last)

(First)

(Middle)

C/O WALKERS SPV LIMITED

WALKER HOUSE 87 MARY STREET

(Street)

GEORGE TOWN, GRAND CAYMAN

KY1-9002

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

S.A.C. Private Equity GP, L.P.

(Last)

(First)

(Middle)

C/O WALKERS SPV LIMITED

WALKER HOUSE 87 MARY STREET

(Street)

GEORGE TOWN, GRAND CAYMAN

KY1-9002

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

COHEN STEVEN A/SAC CAPITAL MGMT LP

(Last)

(First)

(Middle)

C/O S.A.C. CAPITAL ADVISORS, LLC

72 CUMMINGS POINT ROAD

(Street)

STAMFORD

06902

(City)

(State)

(Zip)

Explanation of Responses:

(1) As of the date of this filing, CBay Inc. owns 26,085,086 shares of MedQuist Inc. common stock, or approximately 69.5% of the shares outstanding, and has voting and dispositive authority over such shares. As of the date of this filing: CBay Inc. is wholly owned (directly and through another subsidiary) by CBaySystems Holdings Limited ("CBaySystems"); S.A.C. PEI CB Investment, L.P. ("SAC CBI") owns approximately 58.1% of the outstanding ordinary shares of CBaySystems; S.A.C. PEI CB Investment GP, Limited ("SAC CBI GP") is the general partner of SAC CBI; S.A.C. Private Equity Investors, L.P. ("SAC PEI") is the sole shareholder of SAC CBI GP; S.A.C. Private Equity GP, L.P. ("SAC PEI GP") is the general partner of SAC PEI; S.A.C. Capital Management, LLC ("SCM") is the general partner of SAC PEI GP; and Mr. Steven A. Cohen controls SCM.

(2) Messrs. Peter Berger, Frank Baker, Robert Aquilina and Michael Seedman are directors of MedQuist Inc. Mr. Berger is a Managing Director of S.A.C. Private Capital Group, LLC ("SAC PCG"), a subsidiary of SCM, and also serves as a director of CBaySystems and of SAC CBI GP. Mr. Baker is a Managing Director of SAC PCG and also serves as a director of CBaySystems. Mr. Aquilina is Executive Chairman of CBaySystems and of CBay Inc., and also serves as an executive partner, a senior operating consultant role, to SAC PCG. Mr. Seedman is a director of CBaySystems and Chief Technology Officer of CBaySystems and CBay Inc., and also serves as an executive partner, a senior operating consultant role, to SAC PCG. International Equities (S.A.C. Asia) Limited, an affiliate of SAC CBI, SAC CBI GP, SAC PEI, SAC PEI GP, SCM and SAC PCG, owns approximately 2.1% of the outstanding ordinary shares of CBaySystems.

Remarks:

In accordance with Instruction 5(b)(iv), the entire amount of the MedQuist Inc. common stock held by CBay Inc. is reported herein. Each of CBaySystems, SAC CBI, SAC CBI GP, SAC PEI, SAC PEI GP, SCM and Steven A. Cohen disclaim beneficial ownership of the MedQuist Inc. securities to which this report relates except to the extent of his or its respective indirect pecuniary interest therein, and this report shall not be deemed an admission that any of CBaySystems, SAC CBI, SAC CBI GP, SAC PEI, SAC PEI GP, SCM or Steven A. Cohen is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Any disclosures made by a Reporting Person herein with respect to persons or entities other than such Reporting Person are made on information and belief after making inquiry to the appropriate party. Each of the Reporting Persons is responsible for the completeness and accuracy of the information concerning him or it contained herein, but is not responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. Exhibit 99.1 - Joint Filer Information

	/s/ Peter Nussbaum on behalf of S.A.C. Capital Management, LLC	8/18/08
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Cohen Steven A/Sac Capital Mgmt LP, et al. – ‘3’ for 8/6/08 re: Medquist Inc.

On: Monday, 8/18/08, at 9:45pm ET · For: 8/6/08 · As: Director and 10% Owner · Accession #: 1209191-8-48031 · File #: 1-13326

Previous ‘3’: ‘3/A’ on 9/10/07 for 8/30/07 · Next: ‘3’ on / for 10/15/08 · Latest: ‘3’ on 2/14/23 for 2/10/23

Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34
Filing Table of Contents

‘3’ — Initial Statement of Beneficial Ownership of Securities by an Insider — c74783_3.xml/2.3

This ‘3’ Document is an XML Data File that may be rendered in various formats:

Cohen Steven A/Sac Capital Mgmt LP, et al. – ‘3’ for 8/6/08 re: Medquist Inc.

On: Monday, 8/18/08, at 9:45pm ET · For: 8/6/08 · As: Director and 10% Owner · Accession #: 1209191-8-48031 · File #: 1-13326

Previous ‘3’: ‘3/A’ on 9/10/07 for 8/30/07 · Next: ‘3’ on / for 10/15/08 · Latest: ‘3’ on 2/14/23 for 2/10/23

Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34Filing Table of Contents

‘3’ — Initial Statement of Beneficial Ownership of Securities by an Insider — c74783_3.xml/2.3

This ‘3’ Document is an XML Data File that may be rendered in various formats:

Initial Statement of Beneficial Ownership of Securities by an Insider — Form 3 — SEA’34
Filing Table of Contents