Sentencing Ends Beacon Rock Market-Timing Case

Law360, New York (May 14, 2008, 12:00 AM EDT) -- More than a year after pleading guilty, a Portland, Ore.-based hedge fund and a Philadelphia broker were sentenced on May 8 for their roles in an alleged market-timing scheme.

Judge Eduardo C. Robreno of the U.S. District Court for the Eastern District of Pennsylvania ordered Beacon Rock Capital LLC to serve three years' probation, pay a $600,000 fine and forfeit $475,905, a figure to which the fund agreed last March as part of a plea deal.

The charges of securities fraud and aiding and abetting securities...
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