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Eugene Stricker files claim against the firm, six of its senior staff and Andrew Caspersen, a former employee of PJT’s Park Hill who has been charged with securities fraud.
The SEC Division of Enforcement will continue to aggressively pursue private equity misconduct, director Andrew Ceresney said in a speech.
PJT Partners, the parent company of Park Hill Group that had employed Andrew Caspersen, who allegedly defrauded investors, has incurred $8.9m in litigation expenses and will receive $5.6m back from insurance.
The California Public Employees’ Retirement System has proposed four changes to Assembly Bill 2833 that requires public retirement systems follow a new fee disclosure procedure.
BDO USA’s consulting arm has named Gary Swiman as the head of regulatory and compliance consulting.
In a recent court filing, both parties indicated that they have agreed on a mediator and are eyeing June or July for a mediation to take place.
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The US Securities and Exchange Commission’s Igor Rozenblit called out the complexity of the fund restructuring industry for allowing Andrew Caspersen’s alleged fraud.
Dechert tax lawyer Adrienne Baker says the number of funds audited will rise in the next few years.
Dechert tax lawyer Adrienne Baker says the number of funds audited will rise in the next few years.
The firm has branded its former employee’s allegations as “nothing more than petty slights and trivial inconveniences.”