Category Archives: hedge fund rulings

Feds Charge Two More In Hedge Fund Fiasco

New York (HedgeCo.Net) – In the latest news regarding Stephen Cohen’s embattled hedge fund SAC Capital, analyst Sandeep Aggarwal and portfolio manager Richard Lee have been charged with insider trading. According to the SEC complaint filed in federal court in Manhattan, Aggarwal covered both […]

Hedge Funds To Pay $500K In Sanctions To Texas Pacific Group

New York (HedgeCo.Net) – Private equity firm Texas Pacific Group (TPG) has been awarded approximately $500,000 in sanctions against three hedge funds who had been pursuing involuntary bankruptcy petitions against two former TPG related companies, according to a report by law […]

Preet Bharara: Bayou Hedge Fund Victims Awarded Over $31 Million

New York (HedgeCo.Net) – The Southern District of New York has awarded $31,788,917.44 in proceeds from forfeited assets to victims of the fraud committed at the Bayou hedge funds. The forfeited assets include approximately $2 million seized from a bank […]

SEC Fact Sheet: Restrictions For Hedge Funds Under The JOBS Act

New York (HedgeCo.Net) – The SEC has released more details on some of the restrictions hedge funds and others will face in light of the new, looser rules on general advertising. “As we fulfill our mission to facilitate capital formation […]

Hedge Fund Manager Highland Wins Investor Lawsuit

New York (HedgeCo.Net) – Dallas-based hedge fund manager Highland Capital Management LP won a court ruling against some of it’s investors who believed they were misled regarding the health of two of it’s hedge funds. Investors alleged that as a […]

Rajat Gupta Challenges Hedge Fund Insider Trading Conviction, Chiesi Released

New York (HedgeCo.Net) – Ex-Goldman executive Rajat Gupta’s lawyers have requested a re-trial regarding his conviction in last year’s billion dollar hedge fund scandal. “Defense lawyer Seth Waxman told the 2nd U.S. Circuit Court of Appeals in New York that […]

Rengan Rajaratnam Hedge Fund Insider Trading Case Delayed

New York (HedgeCo.Net) – The insider-trading lawsuit against Rengan Rajaratnam has been delayed for six months while his lawyer works on a separate criminal case. Rengan is the younger brother of the now imprisoned hedge fund billionaire Raj Rajaratnam. “We […]

2 Prominent Hedge Fund Managers Found Guilty

New York (HedgeCo.Net) – A New York jury has found Anthony Chiasson and Todd Newman, both former hedge fund managers, guilty of insider trading charges. The NYT reports: “The government built its case around the testimony of two key witnesses: Spyridon Adondakis, […]

Hedge Fund Trader Mathew Martoma Released On $5 Million Bond

New York (HedgeCo.Net) – Former SAC Capital trader Mathew Martoma was charged yesterday for insider trading during an alzheimer’s disease drug trial that is being called the most lucrative hedge fund insider trading cases ever prosecuted. Martoma has been released on a […]

Rajat Gupta Gets 2 Years For Hedge Fund Insider Trading

New York (HedgeCo.Net) –  Rajat Gupta, a former member of the Board of Directors at Goldman Sachs, received a prison sentence of 2 years in federal prison by U.S. District Judge Jed Rakoff. “He is a good man,” the Judge said, […]

Rajat Gupta To Receive Sentence For Hedge Fund Fraud Today

New York (HedgeCo.Net) – At 2:00pm today Rajat Gupta, a former member of the Board of Directors at Goldman Sachs, will receive his prison sentence by U.S. District Judge Jed Rakoff. Gupta was found guilty on June 18th 2012 by a jury […]

Wiretaps: Rajaratnam’s Hedge Fund Insider Trading Appeal Set For October 25

New York (HedgeCo.Net) – A panel of three judge from the federal appeals court is scheduled to hear arguments from hedge fund founder Raj Rajaratnam in a bid to overturn his insider trading conviction. Rajaratnam is pleading on the grounds that the […]