Law360 (April 15, 2011, 6:01 PM EDT) -- The U.S. Commodity Futures Trading Commission on Friday won a $12.5 million default judgment against a New York hedge fund manager who allegedly bilked investors out of $2.7 million and stole another $435,000 from his condominium association.
Judge Denise L. Cote of the U.S. District Court for the Southern District of New York ordered Brian Kim and his fund Liquid Capital Management LLC to pay a civil penalty of $9.39 million and restitution of $3.13 million — representing the monetary gain from the alleged scheme — plus post-judgment interest on both.
The CFTC launched its suit against Kim and Liquid Capital...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!