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New York Receives $40 Million Settlement From Hedge Fund That Apportioned Income to Alabama

New York Receives $40 Million Settlement From Hedge Fund That Apportioned Income to Alabama

New York Supreme Court, New York County

New York Office of the Attorney General

A hedge fund management company that operated out of offices in New York City, but apportioned all of its income to Alabama, has agreed to pay $40 million to settle a lawsuit filed under the New York False Claims Act.

A hedge fund management company that operated out of offices in New York City, but apportioned all of its income to Alabama, has agreed to pay $40 million to settle a lawsuit filed under the New York False Claims Act.

A hedge fund management company that operated out of offices in New York City, but apportioned all of its income to Alabama, has agreed to pay $40 million to settle a lawsuit filed under the New York False Claims Act. New York Attorney General Eric Schneiderman (D) highlighted the victory in a <a href="//s3.amazonaws.com/pdfs.taxnotes.com/2017/2017-50334_STTDocs_NYagPR_101817InvestmentMgmtCoSettlement.pdf" target="_blank">news release</a>.

A hedge fund management company that operated out of offices in New York City, but apportioned all of its income to Alabama, has agreed to pay $40 million to settle a lawsuit filed under the New York False Claims Act. New York Attorney General Eric Schneiderman (D) highlighted the victory in a news release.