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Post by kranker on Feb 4, 2007 10:58:12 GMT -4
The Hedge Fund Industry: An Increasingly Litigious Environment 14 December 2006 Article by Karen Brymer The practice of short selling is also at the heart of two other US legal actions this time brought by hedge funds - The Electronic Trading Group, the Quark Fund LLC (the latter of which has since been withdrawn) against 11 prime brokers for naked short selling i.e. charging for stock lending services which services were never in fact provided. The causes of action pleaded by the US Hedge Fund claimants include breach of fiduciary duty, conspiracy and unjust enrichment. More, www.mondaq.com/i_article.asp_Q_articleid_E_44952
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