We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

$6.3M Final Nail In Coffin Of SEC's Wood River Suits

Law360 (August 10, 2007, 12:00 AM EDT) -- Defunct hedge fund Wood River Capital Management LLC and its former head John Whittier have been ordered by a district court to shell out $6.3 million to lay to rest the civil half of the Securities and Exchange Commission's two-pronged litigation over the fund's alleged fraud.

Kaye Scholer LLP's Arthur Steinberg, lead attorney for Wood River, called the settlement a "fair resolution under the circumstances."

Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York on Monday entered the court's...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.