U.S. Regulators, Millennium Partners Near Deal: Report

Law360, New York (November 28, 2005, 12:00 AM EST) -- Government regulators and Millennium Partners LLP are in advanced stages of negotiations to settle charges the renowned $5 billion hedge-fund firm run by Israel Englander was involved in "late trading" of mutual-fund shares, according to a published report.

Regulators and Millennium are in talks about a deal that could cost the hedge fund between $100 million and $200 million, Reuters reported, citing sources close to the negotiations.

News of a possible $100 million-plus settlement by Millennium was reported in Fortune magazine's Nov. 14 issue.

The Securities...
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