Hedge Fund Parties Argue Against High Court Review Of Fraud Claims Adjudication

Mealey's (May 26, 2023, 12:12 PM EDT) -- WASHINGTON, D.C. — A hedge fund manager and the fund’s investment adviser filed two briefs in two days in the U.S. Supreme Court, one opposing a petition for a writ of certiorari by the Securities and Exchange Commission challenging a Fifth Circuit U.S. Court of Appeals’ decision on the adjudication of securities fraud claims and one supporting the hedge fund parties’ own conditional cross-petition....