Litigation

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Delaware Court Provides Instruction on When to Seek Discovery in Hedge Fund Case
Posted on 10 Jan 2012 by Francis G.X. Pileggi

Wimbledon Fund LP - Absolute Return Fund Series v. SV Special Situations Fund LP , C.A. No. 4780-CS (Del. Ch., Dec. 22, 2011), read letter ruling here . Read summaries of prior Delaware decisions in this matter here. This is the latest iteration of... Read More

Tags: Francis Pileggi , discovery , summary judgment motion , Delaware Court of Chancery , Litigation , hedge fund

Former Goldman Sachs Director Ordered To Pay $13.9 Million Penalty To Settle SEC Suit
Posted on 18 Jul 2013 by LexisNexis Legal Newsroom Staff

By Timothy Raub NEW YORK — (Mealey’s) A federal judge in New York on July 17 ordered a former Goldman Sachs Group Inc. director to pay a $13.9 million penalty to settle claims with the Securities and Exchange Commission that he provided... Read More

Tags: Goldman Sachs Group , Securities Act of 1933 , Securities and Exchange Commission Rule 10b-5. , Securities and Exchange Commission , Securities Exchange Act of 1934 , securities litigation , Proctor & Gamble Co. , SEC , Litigation , insider trading scheme , Rajat K. Gupta , hedge fund , Securities and Exchange Commission v. Rajat K. Gupta and Raj Rajaratnam , Warren Buffet , Raj Rajaratnam , Securities

Goldman Sachs To Pay $550M To Settle Charges It Misled Subprime Investors
Posted on 16 Jul 2010 by Dylan McGuire

NEW YORK - Goldman, Sachs & Co. has agreed to pay $550 million in penalties and to change its business practices to settle allegations brought by the U.S. Securities and Exchange Commission that it misled investors in a subprime mortgage product,... Read More

Tags: mortgage , ACA Management LLC , Paulson & Co. , Abacus , U.S. Securities and Exchange Commission , ACA Management , SEC , Litigation , lawsuit , hedge fund , Subprime , Securities , Goldman Sachs

SEC Paying $755K To Settle With Fired Lawyer
Posted on 30 Jun 2010 by LexisNexis Litigation Resource Community Staff

WASHINGTON, D.C. - (AP) The Securities and Exchange Commission is paying $755,000 to settle a lawsuit with a former staff lawyer who accused the agency of blocking his investigation of a prominent hedge fund. The SEC settlement of Gary Aguirre's wrongful... Read More

Tags: Spirit AeroSystems , Securities and Exchange Commission , SEC , Litigation , lawsuit , Settlement , hedge fund