Halls of Justice

The U.S. Supreme Court is set to consider this week a closely watched insider trading case that could limit the ability of prosecutors to pursue such charges against hedge fund managers and other traders.

Och-Ziff Capital Management has reportedly agreed to pay $400 million and a subsidiary will plead guilty to resolve long-standing probes into its involvement with bribes paid to African officials.

The U.S. Supreme Court has rejected a request by private equity maven Lynn Tilton, CEO of New York-based Patriarch Partners, to stay an SEC enforcement action against her as she challenges the agency's use of in-house administrative proceedings related to Patriarch's now-infamous Zohar CLO funds.

U.S. securities regulators have charged billionaire investor Leon Cooperman and his hedge fund Omega Advisors with insider trading related to a pipeline investment made six years ago, making him the SEC's highest-profile target in several years amid a renewed crackdown on the improper use of confidential information. 

Embattled private equity maven Lynn Tilton and her firm, Patriarch Partners, have sued the U.S. Securities and Exchange Commission again to stop what she alleges are unfair and unconstitutional in-house enforcement proceedings against her and others.

Famed bond investor Bill Gross said on Friday that PIMCO and its lawyers should be punished for unfairly impeding him from pursuing a $200 million lawsuit against the company, the latest salvo in a long-running saga involving the asset management he co-founded.

A court filing in Manhattan federal court has revealed that a junior trader at Visium Asset Management secretly recorded more than 125 conversations, or some 200 hours of material, with former colleagues at the $8 billion hedge fund firm.

As private debt strategies heat up in the U.S. and Europe, Chinese banking regulators moved aggressively on Wednesday to curb the country's exploding peer-to-peer lending sector, warning that nearly half of the 4,000-odd online lending platforms are "problematic."

Reuters is reporting Kerrisdale Capital’s Sahm Adrangi was arrested on suspicion of impaired driving after an accident in the Hamptons over the weekend.

U.S. authorities have accused a San Francisco hedge fund manager with fraud for allegedly misrepresenting the amount of money the firm had under management and misappropriating investor capital.