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Browse: Home / 2011 / September / 15 / Judge Says Hedge Funds May Have Used Inside Information

Judge Says Hedge Funds May Have Used Inside Information

By Securities Docket on September 15, 2011, 12:09 pm

There have long been whispers on Wall Street that hedge funds have hijacked the bankruptcy process, using their influence as debt holders to obtain and trade on insider information about when and how a company will restructure. A federal court ruling highlighted such concerns late Tuesday when a judge raised the possibility that four large hedge funds might have used confidential information to trade in the debt of Washington Mutual

Read more: Judge Says Hedge Funds May Have Used Inside Information — DealBook

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Posted in Industry, Top | Tagged Bankruptcy, Insider Trading

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