NEW YORK, March 7 (Reuters) – Some well-known business
journalists are getting caught in the legal crossfire between a
Canadian insurer and a group of hedge funds it accuses of
betting against its shares.

Last month, in a little-noticed move, Daniel Loeb, one of
several prominent hedge fund managers sued by Fairfax Financial
(FFH.TO: Quote, Profile, Research, Stock Buzz), served subpoenas on a number of journalists seeking
to take their depositions in the now five-year-old litigation.

NEW YORK/BOSTON, March 1 (Reuters) – Billionaire trader
Philip Falcone is restructuring his hedge fund’s
multibillion-dollar investment in LightSquared to make it
easier to make “direct investments” in the upstart wireless
telecommunications company.

Falcone announced the restructuring on Friday in an email
to his Harbinger Capital Partner investors. The email, which
Reuters obtained, said the plan “will facilitate direct
investments by existing and prospective investors in the master
fund’s holdings in LightSquared and the management of such
holdings.”

NEW YORK/BOSTON (Reuters) – Soon after prosecutors charged two of his former employees with trafficking in confidential corporate information earlier this month, Steven A. Cohen kicked his hedge fund’s damage control operation into high gear.

In the morning, top managers at SAC Capital Advisors, LP’s headquarters in Stamford, Conn., calmly fanned out to allay any concerns the 250 analysts and traders at the $13 billion fund firm might have about the insider trading charges against the two former employees, Donald Longueuil and Noah Freeman. A separate outreach program went on with SAC Capital’s wealthy investors, some of whom had anxiously called up within minutes of the news hitting the wires.

NEW YORK/BOSTON, Feb 23 (Reuters) – Soon after U.S.
prosecutors charged two of his former employees with
trafficking in confidential corporate information earlier this
month, Steven A. Cohen kicked his hedge fund’s damage control
operation into high gear.

In the morning, top managers at SAC Capital Advisors, LP’s
headquarters in Stamford, Conn., calmly fanned out to allay any
concerns the 250 analysts and traders at the $13 billion fund
firm might have about the insider trading charges against the
two former employees, Donald Longueuil and Noah Freeman. A
separate outreach program went on with SAC Capital’s wealthy
investors, some of whom had anxiously called up within minutes
of the news hitting the wires.

BOSTON/NEW YORK (Reuters) – Steven Cohen and Neil Druker are at opposite ends of the spectrum when it comes to hedge fund fame and trading prowess.

But both wealthy hedge fund managers now find themselves linked to a U.S. insider trading investigation because of the criminal conduct of the same former employee.

NEW YORK, Feb 8 (Reuters) – Two people who once worked for
billionaire trader Steven A. Cohen’s SAC Capital Advisers were
charged with insider trading, drawing the $12 billion hedge
fund firm further into a high-profile U.S. investigation.

Prosecutors on Tuesday accused the two former employees,
among four new defendants charged with insider trading, with
receiving corporate secrets while working at SAC. The firm
itself has not been charged with any wrongdoing.

NEW YORK, Feb 8 (Reuters) – Three hedge fund managers,
including the head of an $80 million fund raided by federal
agents in November, and an analyst will be charged with insider
trading, U.S. prosecutors and people familiar with the matter
said on Tuesday.

The charges mark the latest development in a broad probe of
hedge funds’ trading activities. Authorities had previously
brought criminal charges against eight people tied to a
so-called expert networking firm who are accused of improperly
leaking confidential corporate information to hedge funds.
Tuesday’s charges are the first against hedge fund managers in
the probe.

NEW YORK (Reuters) – What’s eating Jamie Dimon?

At last week’s World Economic Forum in Davos, Switzerland, the JPMorgan Chase chief executive once again lambasted the media and politicians for portraying all bankers as greedy evil-doers.

It was at least the 12th time since the start of the financial crisis that Dimon has complained about Wall Street critics painting all bankers as cut from the same cloth. But the timing of his latest outburst seemed odd.

NEW YORK (Reuters) – What’s eating Jamie Dimon?

At last week’s World Economic Forum in Davos, Switzerland, the JPMorgan Chase chief executive once again lambasted the media and politicians for portraying all bankers as greedy evil-doers.

It was at least the 12th time since the start of the financial crisis that Dimon has complained about Wall Street critics painting all bankers as cut from the same cloth. But the timing of his latest outburst seemed odd.

NEW YORK (Reuters) – Bill Clinton says the “jury may still be out” on whether behemoth banks like JPMorgan Chase are good for America.

But the former president said he remains a fan of Jamie Dimon, largely because the JPMorgan chief executive is one of the few top bankers willing to speak his mind and admit mistakes.