SEC, Conn. AG Sue Southridge Manager For Fraud

Law360, New York (October 26, 2010, 6:16 PM EDT) -- The U.S. Securities and Exchange Commission and the Connecticut attorney general have filed separate lawsuits against hedge fund manager Stephen M. Hicks, accusing him of fraudulently inflating the value of investments and lying to investors about what he'd do with their money.

Hicks, who is the principal of funds Southridge Capital Management LLC and Southridge Advisors LLC, allegedly collected $1.8 million in management fees for a sham $30 million investment in Fonix Corp., according to the SEC complaint filed Monday in the U.S. District Court for...
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Case Information

Case Title

Securities and Exchange Commission v. Southridge Capital Management, LLC et al

Case Number




Nature of Suit



Robert N. Chatigny

Date Filed

October 25, 2010

Government Agencies

UK Financial Services

UK Financial Services

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