Lake Shore Files Emergency Motion to Thaw Assets

Summary

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CHICAGO (HedgeWorld.com) - Lake Shore Asset Management Ltd., a commodity trading adviser whose investors' assets have been frozen by a federal district court in Chicago, filed an emergency motion Thursday [July 19] asking that the assets be released next week.

The assets were frozen because the Commodity Futures Trading Commission believes that Lake Shore has withheld information it is obliged by statute to disclose. Lake Shore has disputed the CFTC's claims, saying they resulted from a series of misunderstandings.

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Extract

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Lake Shore Files Emergency Motion to Thaw Assets

Much of the CFTC's complaint, and much of an answer to that complaint th...

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