July 02, 2014
Investors in a now-defunct hedge fund asked the court on Tuesday for final approval of a $14.75 million settlement with the fund's parent company and other defendants to resolve claims that the fund's manager Michael Balboa defrauded investors during the 2008 global credit crisis.
May 16, 2012
An offshore hedge fund that went bust after its now-indicted manager allegedly conspired to overvalue its holdings was hit with a proposed class action Monday in New York by investors seeking to recoup $800 million in losses.