Another hedge fund that was caught up in the federal government’s crackdown on insider trading is getting back money it forfeited to authorities in the course of the investigation.
Federal prosecutors have agreed to return $6 million that Diamondback Capital Management forfeited as part of a nonprosecution agreement, according to a court filing on Friday.
The decision by federal prosecutors to return the money is a rare event, but it represents more fallout from a landmark appeals court ruling that resulted in the dismissal of a number of insider trading convictions, including the conviction of a former portfolio manager at Diamondback…
U.S. to Return $6 Million to Diamondback Capital in Insider Trading Case
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