SEC to sue Harbinger's Falcone, report says
6/26/12 4:57 PM ET (MarketWatch)Print
WASHINGTON (MarketWatch) - The Securities and Exchange Commission has voted to file a civil lawsuit against hedge fund manager Philip Falcone and his fund Harbinger Capital Partners LLC, the Wall Street Journal reported Tuesday citing people familiar with the situation. The report said that the move comes after talks to reach a settlement failed to produce a deal. The SEC alleges that Harbinger gave favored treatment to some investors including Goldman Sachs & Co.
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