{"id":5144,"date":"2006-10-13T00:00:00","date_gmt":"2006-10-13T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-accused-of-securities-violation","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2006\/hedge-funds-accused-of-securities-violation.html","title":{"rendered":"Hedge Funds accused of Securities Violation"},"content":{"rendered":"<div class=\"writeboardbody\">  HedgeCo.Net (New York) &#8211; Hedge fund managers Michael A. Roth and Brian J. Stark have had a complaint lodged aganst them by Multi Fineline Electronix (M-Flex) with the United States District Court.  <\/p>\n<p>    The complaint alleges that the Stark hedge fund filings are misleading to their stockholders and that the hedge fund failed to disclose their 32,075,000 shares of M-Flex securities. The complaint    asks that the hedge funds be required to amend their filings stateing the nature of their investment and wants an injunction keeping them from voting their shares in favor of the offer.  <\/p>\n<p>    The complaint also alleges that the Stark hedge funds have been short selling their stock, causing a negative effect on the value of M-Flex stock.  <\/p>\n<p>    Other hedge funds and management companies controlled by these individuals, including Stark Master Fund Ltd., Stark Asia Master Fund Ltd., Stark Onshore Master Holdings, <span class=    \"caps\">LLC<\/span>, Stark Offshore Managements, <span class=\"caps\">LLC<\/span>, and Stark Asia Management, <span class=\"caps\">LLC<\/span>., have also been accused of planning to profit at the    expense of the company and its shareholders.  <\/p>\n<p>    According to the filing with the U.S. Securities and Exchange Commission (SEC), the Stark hedge funds own approximately 4.5 million shares of M-Flex stock, representing approximately 18.4% of    M-Flex\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s outstanding shares of common stock, and approximately 48% of the shares held by non-affiliated stockholders.  <\/p>\n<p>    According to Phil Harding, M-Flex\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s chairman and chief executive officer, the company believes that the Stark hedge funds have little or no interest in the company\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s current business operations    and strategies nor in the long term well being of M-Flex.  <\/p>\n<\/div>\n<p align=\"left\">  Alex Akesson<br \/>  Contributing Writer<br \/>  HedgeCo.Net<br \/>  Email: <a href=\"mailto:Editor@hedgeco.net\">Editor@hedgeco.net<\/a> <\/p>\n<div align=\"left\">\n<p align=\"left\">    HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge    Funds!  <\/p>\n<div align=\"left\">\n<p align=\"left\">      <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=      \"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong> and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a>    <\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>HedgeCo.Net (New York) &#8211; Hedge fund managers Michael A. Roth and Brian J. Stark have had a complaint lodged aganst them by Multi Fineline Electronix (M-Flex) with the United States District Court. The complaint alleges that the Stark hedge fund [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5144","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5144"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5144\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}