On March 30, 2015, the U.S. District Court for the Southern District of New York dismissed claims in a putative class action against New York-based hedge fund manager Philip A. Falcone (“Falcone”), his advisory firm Harbinger...more
As recently reported by Ed Benson of Law 360, on July 4th, 2014, the United States Securities and Exchange Commission (the “SEC” or “Commission”) issued a final order that denied a whistleblower award claim on the $18 million...more
In this issue: - CFTC Issues Interpretation of “Actual Delivery” - SEC Requires Admission of Wrongdoing as Part of Settlement - SEC Accuses Investment Adviser of Misrepresenting Its Algorithmic Trading Capacity...more