Hedge Fund Pays $1.2M To Settle Short Selling Claims

Law360, New York (November 6, 2007, 12:00 AM EST) -- A New Jersey-based hedge fund and its portfolio managers have agreed to pay $1.2 million to put to rest allegations brought by the U.S. Securities and Exchange Commission that the fund participated in unlawful PIPE transactions.

On Monday, the SEC filed a settled action in the U.S. District Court for the District of Columbia against hedge fund TCMP3 Partners LP, its general partner TCMP3 Capital LLC, its investment manager Titan Capital Management LLC and its portfolio managers Walter M. Schenker and Steven E. Slawson, claiming the...
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.