jeudi 19 mars 2015
Bill Ackman has little to fear from the Herbalife stock-manipulation investigation, experts say - at least for now
Posted on 13:06 by nice news
Hedge fund manager Bill Ackman has little to fear from a government investigation into Herbalife stock manipulation, legal experts say — at least based on what has been reported about the inquiry so far.
The investigation centers on Ackman's billion-dollar short of Herbalife with his hedge fund, Pershing Square. To be liable for stock manipulation, these experts say, prosecutors would have to prove not only that Herbalife's stock was illegally manipulated but also that Ackman and Pershing Square knew about the illegal acts and sanctioned them.
Looking back on how the US Attorney's Office in the Southern District of New York — the one Preet Bharara heads — legal experts say the path to Bill Ackman, if there is one, will first go through outsourced consultants and lieutenants if it is to prove wrongdoing at Pershing Square. His prior investigations into other Wall St. power players, from now-jailed Galleon Group
The investigation centers on Ackman's billion-dollar short of Herbalife with his hedge fund, Pershing Square. To be liable for stock manipulation, these experts say, prosecutors would have to prove not only that Herbalife's stock was illegally manipulated but also that Ackman and Pershing Square knew about the illegal acts and sanctioned them.
Looking back on how the US Attorney's Office in the Southern District of New York — the one Preet Bharara heads — legal experts say the path to Bill Ackman, if there is one, will first go through outsourced consultants and lieutenants if it is to prove wrongdoing at Pershing Square. His prior investigations into other Wall St. power players, from now-jailed Galleon Group
Bill Ackman has little to fear from the Herbalife stock-manipulation investigation, experts say - at least for now
Inscription à :
Publier les commentaires (Atom)
0 commentaires:
Enregistrer un commentaire