Scott Sacane

• Legal Roundup: Two Actions and a 'No Action'

  By Staff Writer  |  March 13, 2006

  BRIDGEPORT, Conn. (HedgeWorld.com)--The former chief operating officer of Durus Capital Management LLC was sentenced to one year of probation and a fine of $10,000 Monday [March 6]. Douglas Schmidt had pleaded guilty five months before to a charge of aiding and abetting the filing of false reports with the Securities...

• FTC Fines Sacane; Other Hedgers Put 'On Notice'

  By Staff Writer  |  October 11, 2005

  WASHINGTON (HedgeWorld.com)--The Federal Trade Commission announced that Scott Sacane, founder of the biotech-equity hedge fund Durus Life Sciences Master Fund Ltd., has agreed to pay a civil penalty to settle a complaint filed Monday (Sept. 26) in federal district court. The complaint, brought by the U.S. Department of Justice at...

• Class-Action Complaint against Sacane and Fund

  By Staff Writer  |  August 24, 2004

  BRIDGEPORT, Conn. (HedgeWorld.com)--A short seller, Hal O. Collier, has brought a complaint in the federal district court for Connecticut against Scott Sacane, the hedge fund manager who bought a majority stake in two health care industry companies last year without having made the required Securities and Exchange Commission filings. ...

• Durus Settles, Pays Esperion $32 Million

  By Staff Writer  |  January 26, 2004

  ANN ARBOR, Mich. (HedgeWorld.com)--Esperion Therapeutics Inc., settled its civil lawsuit against Durus Life Sciences Master Fund Ltd., three weeks after Esperion agreed to be acquired...

• Lawsuit Follows Hedge Fund's 'Inadvertent' Takeove

  By Staff Writer  |  August 11, 2003

  LINCOLNSHIRE, Ill. (HedgeWorld.com)--Aksys Ltd. announced that it has filed a lawsuit against hedge fund Durus Capital Management LLC, Norwalk, Conn., and against its principal Scott...