Moore Capital Dodges Suit Over Market Manipulation

Law360, New York (September 13, 2011, 4:00 PM EDT) -- A New York federal judge on Tuesday granted Moore Capital Management LP's motion to dismiss a securities class action alleging that it manipulated platinum and palladium markets, saying the complaint could not reference a regulatory action against the company.

U.S. District Judge William H. Pauley III partially granted Moore and brokerage MF Global Inc.'s motion to strike and granted their motion to dismiss for failure to state a claim. They had argued that the plaintiffs had nothing to go on except a consent judgment reached with...
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