SEC Settles With Hedge Fund Deephaven Capital Management on Insider Trading Charges

Deephaven Captial Management has come to terms with the SEC over charges that the hedge fund used inside information to manipulate stock prices from 2001 to 2004. Deephaven will pay $5.7 million to dispense with the charges. Portfolio manager Bruce Lieberman also reached a separate settlement of $110,000. Neither part has admitted guilt. Deephaven is the asset management division of Knight Capital Group.

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-- MDT