CFTC to moderate disclosure of information to receiver
According to US court documents obtained by FO
Week, dated 29 December, Man Financial has been found to
have "seriously failed to comply" with a statutory restraining
order originally filed in June. It has now agreed to produce
all documents relevant to the failure of hedge fund
Philadelphia Alternative Asset Management (PAAM), in line with
In a hearing summary published by the US District Court for
the Eastern District of Pennsylvania, judge Michael Baylson
said that, "whether or not the court would have formally
entered a finding of contempt against Man is of little
importance, but the resolution of the matter, with Man agreeing
formally and fully to comply with court's prior order, is of
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