Hedge Fund Director To Pay For Alleged HSR Violations

Law360, New York (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...
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