We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Hedge Fund Adviser Ordered To Pay $62M

Law360 (May 8, 2009, 12:00 AM EDT) -- The head of two hedge fund adviser groups was ordered by a federal court to shell out more than $62 million after being found liable of fleecing investors of $500 million in a fraudulent scheme.

Judge Kenneth Marra of the U.S. District Court for the Southern District of Florida ruled that Michael Lauer, the head of Lancer Management Group and Lancer Management Group II, must pay $43.6 million of ill-gotten gains and $18.9 million in prejudgment interest, according to the U.S. Securities and Exchange Commission on...
To view the full article, register now.



Case Information

Case Title

Securities Exchange v. Lauer, et al

Case Number



Florida Southern

Nature of Suit



Kenneth A. Marra

Date Filed

July 8, 2003

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.