SEC: Hedge Fund, Manager’s 1st Amendment Arguments Fail In Certiorari Bid

Mealey's (November 7, 2023, 10:47 AM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court should deny a petition for a writ of certiorari filed by a hedge fund and its manager found liable for false statements about a biotechnology company, the Securities and Exchange Commission writes in its respondent brief, arguing the hedge fund and manager’s arguments based on the First Amendment to the U.S. Constitution are meritless and made for the first time in the petition....