'Big Short' Money Manager Sues SEC Over $1.5B CDO Case

Law360, Los Angeles (March 21, 2014, 10:22 PM EDT) -- Wing F. Chau, a money manager featured in Michael Lewis' book "The Big Short," sued the Securities and Exchange Commission in New York federal court Friday, claiming the agency violated his constitutional rights by bringing an administrative proceeding rather than a lawsuit over claims he misled investors in a $1.5 billion collateralized debt obligation.

Chau and his firm, Harding Advisory LLC, allege in the suit that the SEC has deprived them of the "various and significant procedural protections available in federal court" by bringing its case as...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Chau et al v. Securities and Exchange Commisison


Case Number

1:14-cv-01903

Court

New York Southern

Nature of Suit

Civil Rights: Other

Judge

Lewis A. Kaplan

Date Filed

March 18, 2014

Law Firms

Companies

Government Agencies

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.