In response to details, which were disclosed last
week, of Philadelphia Alternative Asset Management (PAAM)
receiver Clark Hodgson's latest claim against Man Financial,
the FCM has responded publicly by accusing Hodgson of using
"unsupportable allegations to sensationalise his claims".
The latest filing made by Hodgson came following approval
sought and granted to make a range of claims including
violation of the racketeer influenced and corrupt organisations
act (RICO) (see FO Week Vol 11 No 18).
In a statement released last week, Man described these
latest allegations as "outrageous and spurious," and largely a
repetition of claims made as part of an earlier contempt motion
which Man said Hodgson had made a "significant retreat"
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