Law360, New York (March 12, 2010, 5:28 PM ET) -- A hedge fund manager accused of insider trading and securities fraud in connection with private stock placements has asserted that the U.S. Securities and Exchange Commission failed to show strong enough evidence in a trial this week and asked a judge to rule in his favor.
Attorneys representing Robert A. Berlacher, manager of several investment funds, filed a motion seeking judgment as a matter of law on Thursday in the U.S. District Court for the Eastern District of Pennsylvania.
Berlacher, who has managed funds including Lancaster...
Fund Manager Says SEC PIPEs Suit Comes Up Short
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