New Stream Fraud Charges Should Not Be Nixed, Feds Say

Law360, Wilmington (October 31, 2013, 9:17 PM ET) -- The U.S. government returned fire Wednesday against moves by top brass at bankrupt hedge fund New Stream Capital LLC to throw out a 19-count indictment alleging securities fraud and other offenses, arguing that the charging document contains sufficient detail to survive a challenge to dismiss.

In a motion filed in Connecticut federal court, the U.S. attorney's office argues that the indictment a federal grand jury returned in February charging New Stream managing partners and co-owners David A. Bryson and Bart C. Gutekunst and former Chief Financial...
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