Hedge Fund Founder Ordered To Pay $3.8M

Law360, New York (February 8, 2011, 1:18 PM EST) -- A federal judge has ordered John W. Lawton and his investment firm to pay $3.8 million in a civil suit claiming he overstated his hedge fund's assets, adding to the $7 million in restitution he must pay after pleading guilty to related criminal charges.

Judge Ann D. Montgomery issued the judgment Friday in the U.S. District Court for the District of Minnesota, closing the civil case brought by the U.S. Securities and Exchange Commission against Lawton, his investment firm Crossroad Capital Management LLC and his hedge...
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