1st Circuit Will Not Rehear Fund Manager’s Appeal In SEC Enforcement Action

Mealey's (March 8, 2023, 1:26 PM EST) -- BOSTON — The First Circuit U.S. Court of Appeals on March 7 denied a hedge fund manager’s motion for rehearing en banc in an appeal of a jury verdict awarded against him in a Securities and Exchange Commission enforcement action over alleged misstatements the fund manager made regarding a biotechnology company and drug candidate in violation of federal securities law....