The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:No More Legal Aid for Former Putnam Manager Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 17, 2007

No More Legal Aid for Former Putnam Manager

by: Erin Kello

Putnam no longer wants to pick up the legal tab for its former fund manager Omid Kamshad, who was accused by the SEC of market-timing within its funds, according to The Boston Globe. In June, Kamshad reached a settlement with the SEC under which he agreed to pay a fine of $470,866. Putnam, according to the report, has already paid Kamshad's first lawyer more than $2.5 million, his second law firm $250,000 and then received a final bill for $2.4 million. Putnam apparently didn't want to pick up that tab, and the lawyers send Kamshad the bill, which he did not pay. The lawyers then sued him in US District Court in Boston and got an order freezing some if his acccounts.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use