On January 25, 2012, Preet Bharara, the United States Attorney for the Southern District of New York, announced the appointment of Lorin L. Reisner as Chief of the Office’s Criminal Division. Criminal law is becoming increasingly important in the hedge fund arena. See, e.g., “SEC Settlement with Diamondback Capital Evidences SEC’s New Practice Prohibiting Defendants from Settling Cases Without Admitting or Denying Facts Admitted in Parallel Criminal Matters,” above, in this issue of the Hedge Fund Law Report.
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