(CNBC) David Ganek, whose hedge fund Level Global shut down in the wake of an insider trading investigation, said his lawsuit against prosecutors is about “transparency” and “accountability.”
Level’s offices were raided in 2010, and Ganek’s co-founder Anthony Chiasson was eventually prosecuted for insider trading before the charges were reversed in 2014. Though Ganek was never charged with any wrongdoing, he says bad publicity from the raid led to the firm’s 2011 closure.
