Judge In Securities Fraud Case: Investors’ Losses Not Tied To Defendants’ Actions

Mealey's ( July 19, 2023, 11:12 AM EDT) -- BROOKLYN, N.Y. — A New York federal judge on July 18 ruled that investors’ losses “cannot be attributed to defendants’ behavior” in an alleged scheme involving a reinsurer that led to former hedge fund executives’ convictions for securities fraud and conspiracy to commit securities fraud....

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