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    market news

    U.S. Hedge Fund Metals Manipulation Case Dismissed

    Investing News Network
    Sep. 13, 2011 01:33PM PST
    Precious Metals

    Reuters 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.

    For the complete market news, click here.

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