Reported about 9 hours ago
RTW Investments, a $6.5 billion hedge fund, is under investigation by the SEC regarding its role in a proxy fight at Masimo Corp. The firm is cooperating with the SEC, which is conducting a fact-finding inquiry amidst a dispute between Masimo and its former CEO Joe Kiani over allegations of colluding on a scheme to manipulate voting during board elections. RTW claims that their involvement in the case has been misrepresented, and they are seeking to clarify the situation.
Source: YAHOO