Hedge Fund Denies Insider Trading Claims In WaMu Ch. 11

Law360, Wilmington (July 18, 2011, 8:47 PM EDT) -- Aurelius Capital Management LP — one of four hedge funds accused of insider trading by Washington Mutual Inc. shareholders — parried those allegations in Delaware bankruptcy court Monday, detailing painstaking procedures undertaken to keep confidential information away from its traders.

Aurelius Managing Director Dan Gropper took the stand as WaMu’s second try at confirming its Chapter 11 plan entered its main event with shareholders pressing that the hedge fund — along with Owl Creek Asset Management LP, Appaloosa Management LP and Centerbridge Partners LP — used...
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