• 17 Dec 2010 at 9:51 AM

Level Global Will Pick Up The Tab On Insider Trading Investigation Legal Fees

By

Hilarious as it would be to stick investors with the bill, that’s not the kind of hedge fund we’re dealing with here.

Re: Level Global Investors, L.T.D.

Dear Investors:

Understandably, many of you have inquired into the legal costs and expenses we are incurring as a result of the U.S. Attorney’s Office investigation into the subpoena. As we have informed you in the past, we are cooperating completely with that investigation and, to that end, we have engaged experienced external legal counsel to oversee our response to, and in cooperation with, the Government’s inquiry.

As many of you know, the Investment Manager and the Level Funds have professional liability insurance which we expect will cover our legal costs and expenses. We have put our underwriters on notice and we are working with them. The Investment Manager will pay, in full, the Policy’s deductible. In the event the Investment Manager incurs other related expenses, it will absorb them in full.

Please let us know if you have any questions and thank you for your continued support.

Sincerely,

Level Global Investors, L.P.

Comments (44)

  1. 1
    Posted by Guest | December 17, 2010 at 2:56 PM

    how generous of them!

  2. 2
    Posted by Lsdf | December 17, 2010 at 2:57 PM

    FYI, for any investors reading, we will NOT be picking up the tab on legal fees.

    -His SACness

  3. 3
    Posted by xel | December 17, 2010 at 3:08 PM

    oh and by the way, we’re keeping the tab open so pile in govt agencies, drinks on us

  4. 4
    Posted by xel | December 17, 2010 at 3:08 PM

    oh and by the way, we’re keeping the tab open so pile in govt agencies, drinks on us

  5. 5
    Posted by Guest | December 17, 2010 at 3:11 PM

    +1

  6. 6
    Posted by guestosaurus | December 17, 2010 at 3:22 PM

    Dear investors – the costs and expenses related to my massages were always absorbed fully by me (though the tangible results were often absorbed by the masseuse)

    J Epstein

  7. 7
    Posted by Bristol Airport Hotels | April 20, 2012 at 12:41 AM

    RykiHu This is one awesome blog.Thanks Again. Keep writing.

  8. 8
    Posted by bookmarking submission | September 9, 2012 at 5:14 PM

    78UnWx Awesome blog post.Thanks Again.

  9. 9
    Posted by Commission loophole | September 11, 2012 at 1:10 PM

    Thank you for your blog article.Really looking forward to read more. Fantastic.

  10. 10
    Posted by wonga | September 12, 2012 at 3:23 PM

    I truly appreciate this blog.Thanks Again. Cool.

  11. 11
    Posted by cheap home insurance quotes | September 12, 2012 at 7:27 PM

    I am so grateful for your blog.Much thanks again. Great.

  12. 12
    Posted by global domains international | September 12, 2012 at 10:10 PM

    I really liked your blog post.Much thanks again. Much obliged.

  13. 13
    Posted by satnam | September 13, 2012 at 12:09 AM

    I cannot thank you enough for the article post. Fantastic.

  14. 14
    Posted by imprenta virtual barata | September 13, 2012 at 3:24 AM

    I think this is a real great blog article.Really thank you! Really Great.

  15. 15
    Posted by SAP BI/BW - BO integration | September 13, 2012 at 4:45 AM

    Looking forward to reading more. Great article post.Really looking forward to read more. Want more.

  16. 16
    Posted by Paula Abdul jewelry | September 13, 2012 at 6:28 AM

    Really informative blog article.Really looking forward to read more.

  17. 17
    Posted by lose weight | September 13, 2012 at 9:18 AM

    I am so grateful for your post.Really thank you! Really Great.

  18. 18
    Posted by diamants | September 14, 2012 at 12:38 PM

    I really liked your article post.Much thanks again. Awesome.

  19. 19
    Posted by diamant | September 14, 2012 at 6:45 PM

    Looking forward to reading more. Great article.Really looking forward to read more. Really Cool.

  20. 20
    Posted by personalized christmas gifts | September 17, 2012 at 12:21 PM

    Very neat article post.Thanks Again. Fantastic.

  21. 21
    Posted by hillcrest dentist | September 17, 2012 at 12:46 PM

    Thanks a lot for the blog article.Really looking forward to read more. Great.

  22. 22
    Posted by joshua daniel voiles | September 17, 2012 at 2:04 PM

    I really like and appreciate your article.Really thank you! Will read on…

  23. 23
    Posted by Raspberry Ketones | September 17, 2012 at 5:18 PM

    Appreciate you sharing, great article.Much thanks again. Really Cool.

  24. 24
    Posted by cheratussin ac | September 19, 2012 at 6:01 AM

    Appreciate you sharing, great blog.Thanks Again. Want more.

  25. 25
    Posted by bgale xrhmata online | September 19, 2012 at 6:56 AM

    Im thankful for the blog post. Much obliged.

  26. 26
    Posted by New York City | September 19, 2012 at 8:35 AM

    I am so grateful for your post.Really thank you! Keep writing.

  27. 27
    Posted by merchant cash advance canada | September 19, 2012 at 12:19 PM

    Awesome article post. Cool.

  28. 28
    Posted by visit the site | September 19, 2012 at 6:59 PM

    I really like and appreciate your article.Thanks Again. Want more.

  29. 29
    Posted by Zombies movies | September 20, 2012 at 1:49 PM

    Great, thanks for sharing this blog. Want more.

  30. 30
    Posted by Mobile Media Millions | September 20, 2012 at 2:39 PM

    Im obliged for the blog.Much thanks again. Great.

  31. 31
    Posted by warroom | September 21, 2012 at 6:10 PM

    Hey, thanks for the article post.Really thank you! Cool.

  32. 32
    Posted by Australia | September 21, 2012 at 9:00 PM

    A round of applause for your blog.Really looking forward to read more. Really Cool.

  33. 33
    Posted by how to train well | September 23, 2012 at 4:33 AM

    Really informative post.Much thanks again. Really Cool.

  34. 34
    Posted by lida hakkinda | September 23, 2012 at 8:25 PM

    It’s straight to the point! You could not tell in other words! :D

  35. 35
    Posted by Private Sex Kontaktanzeigen | September 24, 2012 at 4:46 AM

    Major thanks for the blog post.Much thanks again. Want more.

  36. 36
    Posted by onebuckresume | September 24, 2012 at 12:16 PM

    Major thankies for the blog post.Really thank you! Want more.

  37. 37
    Posted by Amway | September 25, 2012 at 5:37 AM

    wow, awesome blog post. Awesome.

  38. 38
    Posted by Real Quick Commissions | September 26, 2012 at 4:23 AM

    Really informative article.Really looking forward to read more. Cool.

  39. 39
    Posted by zquiet | September 26, 2012 at 4:54 AM

    Im grateful for the blog.Much thanks again. Will read on…

  40. 40
    Posted by insurance auto glass | September 26, 2012 at 5:52 AM

    I loved your article post.Really looking forward to read more. Great.

  41. 41
    Posted by Peter Francis-Macrae | September 26, 2012 at 10:32 PM

    A big thank you for your blog.Much thanks again. Will read on…

  42. 42
    Posted by Peter Francis-Macrae | September 27, 2012 at 12:27 AM

    Major thankies for the blog.Really thank you! Really Cool.

  43. 43
    Posted by webcam effects | September 27, 2012 at 6:09 AM

    I am so grateful for your blog.Really looking forward to read more. Cool.

  44. 44
    Posted by Queenie Eshbaugh | September 28, 2012 at 8:57 AM

    Aw, this was an extremely nice post. Taking a few minutes and actual effort to create a top notch article… but what can I say… I hesitate a whole lot and never seem to get nearly anything done. – jzborogun