SEC Freezes Assets Of Boston Hedge Fund

Law360, New York (May 4, 2007, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has won a court order freezing millions of dollars in assets held by a Boston-based hedge fund adviser over an investment misappropriation scandal, the agency said Thursday.

With a preliminary injunction order issued May 3 in district court in Massachusetts, Judge Richard G. Stearns froze at least $13 million held by Lydia Capital LLC, a registered investment adviser based in Boston.

The dispute began in April, when the SEC filed an emergency action in the Massachusetts court against Lydia and...
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