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Fund Manager Denied Defense Costs For SEC Fraud Action

By Amanda Bransford (February 15, 2012, 6:06 PM EST) -- The Pennsylvania federal judge who oversaw the U.S. Securities Exchange Commission's enforcement action against hedge fund manager Robert Berlacher denied Berlacher's motion for attorney's fees Wednesday, saying that although it did not prevail on all its claims, the SEC's lawsuit was substantially justified....

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