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efta-efta01118546DOJ Data Set 9Other-KromtrT17--
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-KromtrT17--
VVOM is sate ODWRODYS!" Sala
5,000 on Friday Mr. Demby, walking toward the
on Mobil Corp. boardwalk in Atlantic City, NJ.,
"You buy when as sea gulls cooed overhead.
OUT to 011111el OT TOITIOOOMOS
their homes anytime soon," he
said.
—Jonathan Cheng
contributed to this article.
IAL BRIEFING BOOK: AUG. 5
• -
-
eye Baseball player Doug DeCinces, shown here in
Imore Orioles, was charged by the SEC with insider
F $2.5 million to settle the charges.
Al player Doug
t others with
Id of a buyout
odes
I pay $2.5
t charges,
'SEC's
* US District
V District of
tes and his
re than $17
ks when
announced
plans to acquire Advanced Medical
Optics Inc.
Mr. DeCinces allegedly received
confidential information about the
acquisition from an employee at
Advanced Medical and purchased
at least 83,700 shares in several
brokerage accounts, When the
merger was publicly announced on
Jan 12. 2009, Mc. DeCinces sold all
of his shares for $1.2 million in
profit.
The complaint also alleges Mr.
Winces tipped three associates
who traded on the confidential
information. They also have agreed
to settle the charges,
Mr. DeCinces, a onetime altstar
who Played for the Baltimore
Orioles and the California Angels.
wasn't immediately avaiable for
comment.
Nathatie Tadena
• HEDGE FENDS
Fortress Loss Widens
Fortress Investment Group
Lies second-quarter loss widened
on a douNedigit decline in
revenue, in what the Private-Kolb/
and hedge-fund manager admitted
were disappointing results
-Our earnings today were just
off expectations, but further off
what we expect from ourseNes:
Chief Executive Daniel Mudd said
Fortress posted a second-
quarter loss of 5945 million
compared with a year-earlier loss
of $924 maim On a per-share
basis. the loss fell to 56 cents
from 57 cents as average number
of shares outstanding increased.
Distributable earnings, which
exclude certain expenses and the
effects of unrealized gains and
losses on illiquid investments, fell
to 9 cents from 14 cents.
Fortress Macho Fund Ltd
Posted a 5.4% net decline in the
second quarter. while Drawbridge
Global Macro Fund Ltd. and
Fortress Commodities Fund LP.
recorded losses of 6% and 6.4%
respectively. The funds were down
between 41% and 5.7% this year
through July. But Its Asian fund
held up with a 3% gain In the first
seven months.
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EFTA01118546
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