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 Ex-hedge fund chief on suing the government: 'I don't think they want the truth to come out'

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PostSubject: Ex-hedge fund chief on suing the government: 'I don't think they want the truth to come out'   Tue Feb 14, 2017 9:06 pm

David Ganek's lawsuit against federal authorities alleging improper conduct that led to the shuttering of his $4 billion New York hedge fund is inching closer to a long-sought conclusion.

After Ganek and his legal team prevailed against a motion to dismiss, the government appealed.

The Level Global Investors founder told CNBC on Tuesday he's awaiting a hearing in the 2nd Circuit Court of Appeals next month.

"The case has ripened in a way that arguably was unexpected," Ganek told "Squawk Box."

"Two years ago ... most people would've said we had very little chance of surviving what was ultimately their filing of a motion to dismiss it," he added.

In February 2015, Ganek filed a complaint in U.S. District Court for the Southern District Court of New York against U.S. Attorney Preet Bharara often referred to as the "sheriff of Wall Street" and federal authorities involved in an FBI raid of Level Global in November 2010 and the related investigation.

https://au.finance.yahoo.com/news/ex-hedge-fund-chief-suing-171754683.html
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Ex-hedge fund chief on suing the government: 'I don't think they want the truth to come out'

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