White-Collar Defense Attorney Stan Twardy Discusses Challenges Facing Hedge Funds in Westchester County Business Journal
Publisher: Westchester County Business Journal
December 28, 2012
Day Pitney managing partner Stan Twardy addresses the impact of recent illegal activities by some hedge funds on the hedge fund industry as a whole in a December 28, 2012, Westchester County Business Journal article. Stan, who is a member of the firm's White Collar Defense and Internal Investigations practice group, likens the situation to that of steroid use in Major League Baseball, where the actions of a few colored the perception of an entire group. He says that illegal activities have been curbed, noting that, "The fact that the government has utilized investigative techniques that in the past were used more for mobs and organized crime -- such as wiretaps, search warrants and the like -- that's a power that the hedge funds don't have."