Monday, 3 August 2015
Last updated 2 days ago
Mar 5 2009 | 1:12am ET
A French court has rejected hedge fund GLG Partners’ appeal of a fine for alleged insider trading.
The London-based hedge fund, which is listed on the New York Stock Exchange, said in a U.S. regulatory filing that its appeal was denied by the Court of Appeals in Paris. GLG was fined €1.5 million (US$1.9 million) by the Autorité des Marchés Financiers, the French markets regulator, for alleged insider trading of Vivendi shares.
GLG is still pursuing an appeal of the fine with the Conseil d’Etat, France’s highest administrative court.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…