Moore Capital

Moore Capital Settles Close-Banging Suit For $48.4 Million

Moore Capital Management has agreed to pay $48.4 million to settle a class-action lawsuit alleging that the hedge fund manipulated the platinum and palladium markets.

The deal ends more than three years of litigation and will purportedly compensate purchasers of futures tied to the metals.

Settle “Banging The Close” Suit

The settlement relates to a lawsuit that accused Louis Bacon’s . . .


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