{"id":9394,"date":"2008-12-18T00:00:00","date_gmt":"2008-12-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"csx-settles-case-over-alleged-fund-violations","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/csx-settles-case-over-alleged-fund-violations.html","title":{"rendered":"CSX settles case over alleged fund violations"},"content":{"rendered":"<p>CNNMoney.com &#8211;&nbsp;Railroad CSX Corp. said Wednesday it has settled a case of alleged securities law violations with two activist shareholder hedge funds. <\/p>\n<p>If the settlement is approved by a federal court, CSX will receive $10 million from TCI, which manages The Children&#8217;s Master Investment Fund, and $1 million from 3G Capital Management.<\/p>\n<p>The case, brought by a CSX shareholder, accused the hedge funds of collecting &quot;short-swing&quot; profits, or using insider information to nab a short-term gain. But under the settlement, the hedge funds deny any wrongdoing.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/money.cnn.com\/news\/newsfeeds\/articles\/apwire\/cab6150515408d786574d60e45510015.htm\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNNMoney.com &#8211;&nbsp;Railroad CSX Corp. said Wednesday it has settled a case of alleged securities law violations with two activist shareholder hedge funds. If the settlement is approved by a federal court, CSX will receive $10 million from TCI, which manages [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[249,2232,1955,2796,245,171,359,241,2641,452,170,4224,172,240],"class_list":["post-9394","post","type-post","status-publish","format-standard","hentry","category-activist-funds","tag-asset-management","tag-assurances","tag-banking-industry","tag-dealer-operations","tag-embarrassment","tag-gaap","tag-investment-returns","tag-japanese-government","tag-law-expert","tag-market-share","tag-money-managers","tag-steven-harrison","tag-ty","tag-us-congress"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9394","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=9394"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9394\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}