Hedge Funder Gets February Date For Showdown With SEC

Law360, New York (April 2, 2013, 9:04 PM EDT) -- Nelson Obus, a hedge fund manager who beat a U.S. Securities and Exchange Commission $1.3 million insider trading case only to have it revived by the Second Circuit, will face a new trial in February, a federal judge said Tuesday.

U.S. District Judge George Daniels set Feb. 25 as the date a trial will start against Obus, the head of Wynnefield Capital Inc., and the two co-accused, Wynnefield’s Peter Black and Thomas Strickland, an analyst at finance company General Electric Capital.

The SEC claims Obus, Wynnefield’s...
To view the full article, register now.



Case Information

Case Title

Securities and Exchange Commission v. Obus et al

Case Number



New York Southern

Nature of Suit



George B. Daniels

Date Filed

April 25, 2006

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.