Lawyers for Joseph "Chip" Skowron, Dr Jolanta is in talks with the Manhattan U.S. Attorney's Office, according to the Bloomberg report citing court documents.
The talks could not take place due to the Court in Skowrons cases grant the Government an extension of one month to get an indictment of Skowron, Dr Jolanta.
The Government intends to hedge fund manager avoids 30 million dollars in losses for his Fund by selling shares in biotechnology company Human Genome Sciences Inc., using inside information from Yves Benhamou, French physician.
Skowrons arrest resulted in FrontPoint investors seeking 3 billion dollars in redemption, and many of the company's hedge funds close.
FrontPoint paid also 33 million dollars to the Securities and Exchange Commission to settle a case seeking money the SEC claimed was made from Skowrons insider.
Skowrons lawyer, James Benjamin, could be accessed directly by HedgeFund.net for comment in the report on the negotiations.
Go to the Bloomberg article
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