Washington Post – A hedge fund executive is denying allegations from Washington Mutual shareholders that his firm used confidential information gained in WaMu’s bankruptcy case to trade in its securities.
Dan Gropper of Aurelius Capital Management testified Monday that Aurelius made sure its traders did not use nonpublic information the other officials learned of during bankruptcy negotiations. Gropper said Aurelius even spent $150,000 to soundproof his office so others could not hear his conversations.
