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