The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area. [More]
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11/04/2005
Hedge Fund, Millinium Partners in Settlement Talks with Spitzer, $100 Million Figure Expected
Hedge Fund, Millinium Partners in Settlement Talks with Spitzer, $100 Million Figure Expected
Via Marketwatch.com:
-- MDT
Millennium nears $100M fraud settlement - Hedge fund talking with Spitzer, SEC over $100M pactThe original article appears here.
By Alistair Barr
MarketWatch
November 3, 2005
SAN FRANCISCO - Millennium Partners LP, a $5 billion hedge-fund firm run by Israel Englander, is in talks with New York Attorney General Eliot Spitzer and the Securities and Exchange Commission about settling securities-fraud charges, the Wall Street Journal reported on Thursday.
The New York-based company could pay more than $100 million to settle charges that it traded mutual funds between 2000 and 2003 at improper prices after the close of trading, as well as charges that the firm tried to disguise its identity to help it trade the funds rapidly, the newspaper said, citing an unidentified person close to the talks...
-- MDT
Labels: Eliot Spitzer, New York AG
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