Monthly Archives: November 2003
Bernstein Liebhard & Lifshitz, LLP Announces Class Action Lawsuit Commenced Against AllianceBernstein Technology Fund, AllianceBernstein Fund, Inc., Alliance Capital Management Holding L.P., Alliance Capital Management L.P., Alliance Capital Managemen
NEW YORK, NY — (MARKET WIRE) — 11/19/2003 — A class action lawsuit was commenced in the United States District Court for Southern District of New York on behalf of all persons who purchased orotherwise acquired shares or other ownership […]
PBHG Founders Charged in Trading Case
NEW YORK (AP) – Regulators filed civil fraud charges against the two founders of the Pilgrim Baxter mutual fund family Thursday, saying they made millions for themselves and friends in an impropertrading scheme that harmed other fund shareholders. Gary Pilgrim […]
Dollar up on hedge fund purchases induced by repatriation+
TOKYO, Nov. 21 (Kyodo) — The U.S. dollar rose slightly against the yen Friday morning in Tokyo as some U.S. hedge funds converted yen-denominated shareholdings into dollars to repatriate prior tothe Nov. 30 book-closings. The late-morning dollar selling pared most […]
Bernstein Liebhard & Lifshitz, LLP Announces Class Action Lawsuit Commenced Against AllianceBernstein Technology Fund, AllianceBernstein Fund, Inc., Alliance Capital Management Holding L.P., Alliance Capital Management L.P., Alliance Capital Managemen
NEW YORK, NY — (MARKET WIRE) — 11/19/2003 — A class action lawsuit was commenced in the United States District Court for Southern District of New York on behalf of all persons who purchased orotherwise acquired shares or other ownership […]
PBGH founders charged in market timing case
NEW YORK (AP) — The founders of the Pilgrim-Baxter fund family were charged by state and federal regulators Thursday with improper trading of their funds to benefit themselves and friends at theexpense of longer-term shareholders. The civil actions by the […]
Strong’s Trades Exceeded Guidelines, Director Says
Nov. 20–Richard S. Strong’s trades in his company’s mutual funds exceeded prospectus guidelines, the managing director of Strong Financial Corp.’s institutional business said Wednesday. Managing Director F. Jon Baranko said Strong’s prospectus says two in-and-out trades in a month or […]
Asian stocks closed mixed despite U.S. gains
HONG KONG (AP) — Tokyo shares rebounded Thursday after technology and banking blue chips got a boost from gains on Wall Street, but other Asian markets closed mixed. Japan’s Nikkei Stock Average of 225 issues surged 251.10 points, or 2.6 […]
Bernstein Liebhard & Lifshitz, LLP Announces Class Action Lawsuit Commenced Against AllianceBernstein Technology Fund, AllianceBernstein Fund, Inc., Alliance Capital Management Holding L.P., Alliance Capital Management L.P., Alliance Capital Managemen
NEW YORK, NY — (MARKET WIRE) — 11/19/2003 — A class action lawsuit was commenced in the United States District Court for Southern District of New York on behalf of all persons who purchased orotherwise acquired shares or other ownership […]
Insurers ready to adopt centralised database on repairs estimation
MOTOR insurers are ready to adopt the centralised database of motor repairs estimation, in line with Bank Negara Malaysia’s directive that all vehicle accident claims use a standardised database for motor parts prices and labour charges in estimating repair cost. […]
Fidelity Investments Is under Increased Scrutiny in Mutual Fund Trading Probe
Nov. 20–Fidelity Investments, the nation’s largest mutual fund company, is coming under growing scrutiny in an industry-wide probe of improper trading. The Boston-based firm, which manages about $905.6 billion in assets, said yesterday that Massachusetts securities regulators have subpoenaed information […]
FLYING PELIKON MAY FLOAT ; Niche firm’s turnover could be pounds 100m in five years time
SOUTH WALES high technology company Pelikon is considering a flotation. The company, which specialises in electro luminescence display technology, said a float, on a yet to be determined exchange could be realised in 2005. The Caerphilly-based company, specialises in producing […]
BluMont Man Multi-Strategy Notes Close at C$35.8 Million
TORONTO–(BUSINESS WIRE)–Nov. 19, 2003–BluMont Capital Inc. (“BluMont”) (TSXV: BCC) is pleased to announce that its wholly-owned subsidiary, BluMont Capital Corporation, has raised C$35.8 millionwith its third multi-manager/multi-strategy principal guaranteed structured product – the BluMont Man Multi-Strategy Notes (“Multi-Strategy Notes”). The […]