Ex-Hedge Fund Mgr. Inks Deal To Avoid Prosecution

Law360, New York (August 19, 2008, 12:00 AM EDT) -- A former hedge fund manager accused of fraud after she sold short shares of CompuDyne Corp., a security system maker, has inked a deal with federal prosecutors to avoid a criminal trial.

In a deferred prosecution agreement filed Monday in the U.S. District Court for the Southern District of New York, Hilary L. Shane will avoid federal prosecution if she does not violate any federal, state or local laws for six months, avoids contact with investment advisers for the same amount of time and pays a...
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