Summary of 2009 Hedge Fund Key Developments: Litigation and Enforcement
By MORGAN MILLER
In response to the unprecedented disturbances and failures in the global capital markets in 2008, the Obama administration, lawmakers, and regulators have proposed significant legal and regulatory reforms that have the potential to change the nature of financial services regulation for years to come. Meanwhile, the SEC and private litigants have been busy responding to the aftermath of 2008 with enforcement actions and litigation. In the first of a two part series, our lawyers discuss key developments as they relate to hedge funds, their investors, and their advisers.