AP – 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.
Diamondback Capital Management agreed to pay a $3 million fine to settle civil insider-trading charges filed by the Securities and Exchange Commission, the SEC said Monday. The agency had accused Diamondback of insider trading in shares of Dell Inc. and Nvidia Corp. in 2008 and 2009.
