Financial Services Industry
Industry: Email Alert RSS FeedNews in brief: Durus sued for stock accumulation.
Financial News, August, 2003
Aksys, a maker of kidney dialysis systems, has filed a lawsuit against Durus Capital Management, a US hedge fund that claims it inadvertently acquired more than 70% of Aksys stock.
The complaint seeks damages resulting from the accumulation of the Aksys' stock last month in transactions that Durus, in its filings with the US Securities and Exchange Commission (SEC), describes as "inadvertent". Aksys also seeks the recovery of trading profits under SEC rules.Soros pledges $10m to anti-Bush campaign
George Soros, the billionaire founder of the $11.5bn Quantum hedge fund group, has pledged $10m ([euro]8.8m) to a political action group working to defeat George W Bush in next year's US presidential elections.
Soros is a long-standing critic of the...
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