Alger Can't Evade Investment Manager's Whistleblower Suit

Law360, New York (September 27, 2012, 11:52 PM EDT) -- A New York federal judge on Thursday refused to toss a Fred Alger Management Inc. investment manager's whistleblower claims in a putative class action accusing the company and its president of illegally restricting trade in health care stocks and firing her in retaliation for exposing the policy.

U.S. District Judge Loretta A. Preska dismissed breach of contract, breach of fiduciary duty, unjust enrichment and other claims from the suit, but she ruled that plaintiff Rosanne F. Ott had adequately alleged violations of the Dodd-Frank Wall Street...
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