Former Tiger Asia Head Trader Secures Favorable Settlement

Skadden represented Tiger Asia Management head trader Raymond Park in securing a favorable settlement in connection with an insider trading and market manipulation investigation by the U.S. Attorney's Office for the District of New Jersey and the SEC. The U.S. Attorneys' Office declined to bring criminal charges. On December 12, Park entered into a settlement agreement with the SEC, in which he neither admitted nor denied the allegations, and agreed to a three-year industry bar and disgorgement and penalties of approximately $75,000.