Hedge Funds Politics & Regulation

Elliott drops case against AR


“They knew their motion was meritless” — AR attorney John Pelosi

Elliott Management has dropped its motion to compel discovery against AR, two days before the financial magazine was to file its response to the hedge fund in New York State Supreme Court. Elliott was asking the court to make AR reveal the source of a news story based on the fund’s quarterly investor letter. The story appeared online on August 26 and is in the September edition of AR, which has been mailed to readers.

“The fact they filed this notice of voluntary discontinuance means they knew their motion was meritless and would not succeed. It’s clear that they