N.J. Hedge Fund Manager Cleared of Insider Trading Charges

(Reuters) A retired New Jersey hedge fund founder was acquitted on Monday on charges that he illegally traded in shares of children’s apparel maker Carter’s Inc in a rare defense trial win in an insider trading case. A federal jury in Atlanta cleared Steven Slawson, co-founder of Titan Capital Management, of all 34 counts he faced including for securities fraud, wire fraud and conspiracy, his lawyer said.

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