Securities litigation: Today’s top news on Westlaw News & Insight
October 20, 2010
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Here are today’s top stories from the Securities Litigation site.
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SEC charges hedge fund with inflating ‘side pockets’ U.S. securities regulators charged two hedge fund managers at Georgia-based Palisades Master Fund with fraud on Tuesday, claiming they had overvalued illiquid assets placed in a “side pocket” to deceive investors and steal millions of dollars. |
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Judge gives final signoff on Citigroup-SEC deal A federal judge gave final approval to Citigroup Inc’s revised $75 million settlement with the Securities and Exchange Commission to resolve allegations that the bank misled investors about its subprime mortgage exposure. |
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NY jury asked to identify lies in EMI dispute A New York jury was asked on Monday to decide who may have lied in a dispute over a Citigroup-backed, $6.4 billion buyout of legendary music company EMI by British financier Guy Hands in 2007. |
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