Tag Archives: southern district of new york


Appeals Court Affirms Dismissal of Securities Fraud Against Hennessee Group

New York — The U.S. Court of Appeals for the Second Circuit has affirmed a district court’s decision that dismissed a securities fraud case against New York-based hedge fund investment adviser Hennessee Group LLC. In the 36-page opinion issued July […]

Appeals Court Dismisses Fraud Charges Against Hedge Fund Advisor Hennessee Group

HedgeCo.net (West Palm Beach) – The U.S. Court of Appeals affirmed a district court’s decision that also dismissed a securities fraud case against New York-based hedge fund investment adviser Hennessee Group LLC. Judge Colleen McMahon of the U.S. District Court […]

Dreier Describes Downfall in Letter Seeking ‘Rational’ Term for Fraud, Theft

Law.com – Marc S. Dreier on Wednesday sent a confessional letter to the federal judge who will sentence him on Monday (pdf), describing in remarkable detail how he funded the once-admired expansion of Dreier LLP by committing frauds totaling more […]

Unions sue hedge funds over money lost by Madoff

Las Vegas Sun – Two Las Vegas unions claim to have lost almost $2 million in retirement funds to the Bernard Madoff Ponzi scheme, and have sued the hedge fund in which they had invested that money. The unions — […]

Hedge funds manager’s girlfriend pleads guilty to helping him flee

CNN.com – The girlfriend of a convicted hedge fund manager who disappeared last year, leading to speculation that he had committed suicide rather than report to prison, pleaded guilty on Tuesday to helping him, according to federal prosecutors. Debra Ryan […]

More Investors Sue Hedge Funds for Ties to Madoff

New York (HedgeCo.Net) – Investors in the hedge fund Fairfield Greenwich Group have sued the company after about $7.5 billion in potential losses stemming from ties to Bernard Madoff.  The investors claimed that Fairfield sustained “avoidable losses,” by not practicing […]

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