Judge Allows SEC Fraud Lawsuit Against Bill Hwang Over $36B Archegos Collapse to Proceed

Federal judge rejects Bill Hwang's bid to dismiss SEC fraud lawsuit over $36B Archegos collapse.
Judge says SEC plausibly alleged Hwang and Archegos concealed risks in bid to illegally manipulate markets.
Dismisses some fraud claims against ex-Archegos CFO Halligan.
Puts civil case on hold while DOJ pursues criminal charges against Hwang and Halligan.
Hwang arrested in 2022; his criminal trial scheduled for Feb. 2024.

nypost.com

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