Hedge Fund Director To Pay For Alleged HSR Violations

Law360 (May 21, 2007, 12:00 AM EDT) -- A hedge fund manager has agreed to pay $250,000 to settle charges that he violated premerger reporting rules and a mandatory waiting period when attempting to buy stock of a company.

James Dondero, director of Highland Capital Management LP, did not follow the premerger requirements specified in the Hart-Scott-Rodino Act when he took steps to purchase stock in the wireless data provider Motient Corp. in 2005, the Department of Justice said on Monday.

The DOJ filed a civil lawsuit against him following a request by the...
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.