This content is from: Premium

Crossing the line

The insider trading scandal has made hedge funds & their investors jumpy, as the SEC broadens its probe.

By Britt Erica TunickAs soon as news broke of a lawsuit alleging that Harbinger Capital Partners' January 2007 acquisition of Applica succeeded, at least in part, because of its receipt of "nonpublic information" about a rival bid, Harbinger began damage control. Within hours, it sent a letter to investors insisting

To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.

Related Content