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Post by kranker on Aug 5, 2006 12:31:40 GMT -4
Under the "What if the SEC would do their job?" category, we have this, ----------------------------------------------------------------- February 6, 2003 Report Says Prosecutors Probing Hedge Fund that Issued Reports on Web Site On February 6, the Wall Street Journal reported that prosecutors are probing hedge fund Gotham Partners Management Co. According to reports, prosecutors are "examining whether it bought into credit derivative markets to make it appear that companies it was bearish on were in danger of default". Reuters reported: Gotham issued critical reports about MBIA and Farmer Mac on its Web site and their stocks fell. Each company approached regulators about the matter, alleging that Gotham might have acted with other hedge funds to push the stock down, sources at the companies told Reuters last week. www.cybersecuritieslaw.com/news/news.htm
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Post by jannikki on Aug 5, 2006 13:07:31 GMT -4
Sounds kind of like what Gradient Analytics did to Biovail on behalf of Sac.
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Post by kranker on Aug 5, 2006 13:12:46 GMT -4
Exactly
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