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U.S. Hedge Fund Metals Manipulation Case Dismissed
Sep. 13, 2011 01:33PM PST
Precious Metals InvestingReuters reported Moore Capital Management LP paid a $25 million regulatory fine to settle market manipulation claims, won a court dismissal.
Reuters reported Moore Capital Management LP paid a $25 million regulatory fine to settle market manipulation claims, won a court dismissal.
The market news is quoted as saying,
Two co-defendants, former veteran Moore trader Christopher Pia and the brokerage MF Global Ltd , also won the dismissal of claims that they conspired with Moore to fix prices on platinum and palladium futures contracts from Oct. 25, 2007 to June 6, 2008, violating antitrust and racketeering laws.