Federal Judge: No Fees To Hedge Fund After Mixed Verdict In SEC Enforcement

Mealey's (July 24, 2024, 1:17 PM EDT) -- BOSTON — A federal judge in Massachusetts held in a July 23 order that a hedge fund manager and his fund are not entitled to attorney fees under the Equal Access to Justice Act (EAJA) after partially prevailing on claims brought by the Securities and Exchange Commission, finding that the SEC’s initial position was substantially justified....