Feds Add Charges In $62M Case Over Dell Insider Trading

Law360, New York (February 7, 2012, 4:56 PM EST) -- U.S. prosecutors filed additional fraud charges Tuesday against two former hedge fund managers accused of generating some $62 million by trading on inside information about Dell Inc.

The new indictment, returned Tuesday in New York, adds two securities fraud counts to the charges against Todd Newman, a former portfolio manager at Diamondback Capital Management LLC, and Anthony R. Chiasson, a co-founder of defunct hedge fund Level Global Investors LP.

Arrested in January, Newman and Chaisson are accused of conspiring with Danny Kuo, a fund manager at...
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