2nd Circ. Nixes Alki Hedge Fund's $10M Pump-And-Dump Suit
The order upheld a lower court’s dismissal of a 2009 complaint in which Alki said it had fallen victim to a “classic pump-and-dump scheme” when it bought vast amounts of shares of criminal monitoring device company RemoteMDX Inc.
According to the complaint, Alki principal Scott Wilfong had become...
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