April 24, 2014 Comments Off on Judge: Telos litigation back at ‘Square One’
After nine years of litigation, what’s another month? That’s what a Baltimore City Circuit Court judge decided Thursday in an activist hedge fund’s lawsuit against Telos Corp., which a different judge dismissed in 2008.
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Read More »February 18, 2014 Comments Off on J. Bank stockholder blasts Bauer deal
Eminence Capital LLC, a New York-based hedge fund that is the largest stockholder of Jos. A. Bank Clothiers Inc., has sent a scorching letter to the board of the Hampstead-based men’s clothing manufacturer blasting Bank’s planned acquisition of outdoor retailer Eddie Bauer LLC in a cash-and-stock deal valued at $825 million.
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Read More »February 13, 2014 Comments Off on Widow sues hedge fund manager over lost savings
A retired widow has sued the manager of a Baltimore-based hedge fund who she alleges did not disclose the risky investment that led her to lose more than half of her life savings.
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Read More »July 28, 2013 Comments Off on U.S.: We got the goods on hedge fund
NEW YORK — Prosecutors said a large volume of evidence including electronic messages, court-ordered wiretaps and consensual recordings is stacked against a Connecticut-based hedge fund that pleaded not guilty Friday to criminal charges accusing it of letting insider trading flourish ...
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Read More »July 10, 2013 Comments Off on SEC lifts ban on hedge fund advertising
WASHINGTON — For the first time, hedge funds will be allowed to advertise to the general public under a rule adopted Wednesday by federal regulators. The Securities and Exchange Commission voted 4-1 to lift a decades-old ban that prevents hedge ...
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Read More »June 20, 2013 Comments Off on Sony chief says time needed to study proposal
TOKYO — Sony Corp. needs more time to study a key proposal from a U.S. hedge fund to spin off a part of its entertainment unit as a way to propel its fledgling revival, the chief executive told shareholders Thursday. ...
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Read More »January 23, 2012 Comments Off on Hedge fund paying $9M; won’t be prosecuted
WASHINGTON — A hedge fund named in a massive insider-trading case will pay $9 million in settlements but won’t be prosecuted by the Justice Department because it is cooperating in the government’s investigation. The Securities and Exchange Commission said Monday ...
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Read More »January 18, 2012 Comments Off on 7 charged in $78M record-setting inside trade case
NEW YORK — Greed on Wall Street set a record, authorities said Wednesday as they unveiled a nearly $78 million insider trading case that involved at least seven financial industry professionals and included a hedge fund co-founder who triggered a ...
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Read More »October 13, 2011 Comments Off on Hedge founder gets 11 years in insider trade probe
NEW YORK — A former billionaire described by the government as “the modern face of illegal insider trading” was sentenced Thursday to 11 years in prison, the longest insider trading sentence ever but far short of the two decades sought ...
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Read More »October 12, 2011 Comments Off on N.Y. trader gets 2½ years in huge insider case
NEW YORK — A Wall Street trader convicted in a massive probe of insider trading at hedge funds has been sentenced to 2½ years in prison. Michael Kimelman was convicted in June of conspiracy to trade on confidential information. The ...
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