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Hedge Fund to Pay $8.2 Million In SEC Short-Sale Settlement |
| Published: October 11, 2007, 12:00 am |
| Tags: hedge, fund, to, pay, 8 2, million, in, sec, short sale, settlement, thomas e sandell, u s securities exchange commission, capital one financial corporation, sandell asset management corp, bear stearns amp co inc, christopher cox, new orleans, scott w friestad, new york |
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Sandell Asset Management and its founder are to pay $8.2 million to settle claims that the hedge-fund firm improperly sold a New Orleans bank's shares short after Hurricane Katrina. [ Full article ] |
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