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Commercial Litigation Insider

Investors Fight Fraud Ruling Favoring Royal Bank of Canada

A group of institutional investors have filed an appeal of a decision in Manhattan's Commercial Division that found they cannot show that Royal Bank of Canada caused their $140 million in losses from the collapse of a complex investment structure.
4 minute read

The American Lawyer

SEC Charges Hedge Fund Manager with Defrauding Investors

The Securities and Exchange Commission charged a Minneapolis hedge fund manager, his investment advisory firm Archer Advisors LLC, and his assistant with defrauding investors in two hedge funds out of over $1 million by charging fake research and expense fees, the agency announced Monday.
2 minute read

The American Lawyer

Ex MIT Professor and Son Plead Guilty to Securities Fraud

A former professor at Massachusetts Institute of Technology and his son pleaded guilty to securities fraud, wire fraud and obstruction of justice after being caught for running a $500 million hedge fund scam, the U.S. Attorney's Office of the District of Massachusetts announced Tuesday.
3 minute read

Corporate Counsel

Investors Eye Farmland as the Next Big Thing

Hedge funds currently have $14 billion invested in agricultural land across the world.
1 minute read

The American Lawyer

Hedge Fund Pushes for EMC Split

Hedge fund Elliot Management Corporation has taken a $1 billion stake in EMC Corp. and is now pushing the computer storage company to spin off software maker VMware, people familiar with the matter told The Wall Street Journal.
2 minute read

The American Lawyer

Ex Portfolio Manager Sues Soros Fund for $20 Million

A former portfolio manager at Soros Fund Management has sued the hedge fund, claiming it owes him roughly $19.5 million after he was fired without explanation, Reuters reports.
2 minute read

The American Lawyer

Standard General May Pay Off American Apparel Loan

Lion Capital had demanded repayment of the $10 million loan on July 4, citing Charney's removal.
1 minute read

The American Lawyer

Report: Blackstone to Unveil Hedge Fund This Fall

The private equity shop would compete with Och-Ziff, Millennium and Citadel, among others.
1 minute read

The American Lawyer

SEC Charges Florida Advisory Firm for Misusing Funds

The Securities and Exchange Commission has charged West Palm Beach, Fla.-based hedge fund advisory firm Weston Capital Asset Management and its founder and president Albert Hallac with fraudulently transferring money from one investment to another without informing investors.
2 minute read

The American Lawyer

Paradigm Settles with SEC for $2.2 Million

Hedge fund advisory firm Paradigm Capital Management and its owner Candace King Weir have agreed to pay $2.2 million to settle Securities and Exchange Commission charges that the firm allegedly made prohibited principal transactions and then retaliated against the employee who reported the violation.
3 minute read

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