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RADOVICH et al v. YA GLOBAL INVESTMENTS, L.P. et al
Case Number:
2:12-cv-06723
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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June 20, 2014
3rd Circ. Kills Cobalis Suit Over Hedge Fund Scheme
The Third Circuit on Friday upheld the dismissal of a lawsuit by Cobalis Corp. investors that accused hedge fund YA Global Investments LP of fraudulently coaxing the pharmaceutical company into a financing deal and then executing a short sale scheme, finding the matter has already been decided in bankruptcy court.
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August 06, 2013
Cobalis Suit Over Hedge Fund Scheme Tossed In NJ
YA Global Investments LP on Monday defeated a New Jersey lawsuit in which Cobalis Corp. investors accused the hedge fund of plotting a short sale scheme and fraudulently coaxing them to pledge stock in a financing deal for the pharmaceutical company, which ended up filing for bankruptcy.