NJ Hedge Fund Manager Smacks Down SEC Fraud Claims
Law360 (March 30, 2018, 9:31 PM EDT) -- Yorkville Advisors LLC beat back the marquee claims brought by the U.S. Securities and Exchange Commission in a suit claiming the hedge fund firm fraudulently valued its portfolio to inflate its fees, when a New York federal judge on Thursday found no evidence of such deceit.
The 79-page ruling by U.S. District Judge George B. Daniels combs through the SEC's allegations against the New Jersey-based Yorkville and its principals — founder and President Mark Angelo and Chief Financial Officer Edward Schinik — leaving only a tiny sliver of the original claims, mostly related to representations made about the timeline for when...
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