Hedge Fund Manager Says 1st Amendment Protects Untrue Speech In Reply to SEC

Mealey's (November 22, 2023, 2:12 PM EST) -- WASHINGTON, D.C. — The Securities and Exchange Commission does little to show how its punishments of a hedge fund manager found liable for making false statements about a biotechnology company survive scrutiny under the First Amendment to the U.S. Constitution, the hedge fund and its manager tell the U.S. Supreme Court in a reply brief in support of their petition for a writ of certiorari....