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David A. Katz, a partner at Wachtell, Lipton, Rosen & Katz, and Laura A. McIntosh, a consulting attorney for the firm, write that, amid the current turmoil on Wall Street, the recently affirmed CSX case, highlights certain hedge funds' practice of taking complicated positions in target companies in order to deliberately evade reporting requirements and illustrates the need for a more comprehensive disclosure regime and regulation of the credit default swap market.
September 25, 2008 at 12:00 AM
1 minute read
Presented by BigVoodoo
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