Juno Founders Rip SEC's Suit Over Alleged $1.8M Scam

Law360, New York (August 16, 2011, 1:13 PM EDT) -- Hedge fund firm Juno Mother Earth Asset Management LLC and its two founders asked a New York federal court on Monday to toss a suit accusing them of stealing $1.8 million from clients, saying securities regulators neglected to back their conclusions with facts.

Juno founders Eugenio Verzili and Arturo Rodriguez said the suit, filed by the U.S. Securities and Exchange Commission in March, fails to meet even the most lax pleading standards established by law and the U.S. Supreme Court. The commission alleges the Juno founders...
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