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 Fraudster Seeks Review Of $3.8M Penalty

Law360 (February 15, 2011, 6:52 PM EST) -- Money manager John W. Lawton has asked a federal judge to reconsider a $3.8 million disgorgement order in a civil suit that claims he overstated his hedge fund's assets, charges to which he pled guilty in a related criminal case.

Lawton filed the motion to reconsider on Monday in the U.S. District Court for the District of Minnesota, saying his attorneys failed to properly represent him in the U.S. Securities and Exchange Commission's case against him, his investment firm Crossroad Capital Management LLC and his hedge...
To view the full article, register now.
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.