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Targeted by U.S. Prosecutor, Hedge Fund Fights Back
On a crisp fall morning, F.B.I. agents staged a surprise raid of three hedge funds, feeding the growing national reputation of the prosecutor Preet Bharara as the new sheriff of Wall Street. Now more than four years and dozens of insider trading convictions later, one of those funds — forced to close from the taint of the raid — is fighting back. David Ganek, a Manhattan socialite and art collector whose $4 billion Level Global was one of the funds raided, sued Mr. Bharara on Thursday, claiming that the government violated his constitutional rights by fabricating accusations against him. The lawsuit against Mr. ... (full story)