Hedge Fund Accused Of Swiping $75 Million

HARTFORD (CN) – **S.A.C. Capital Associates , a $14 billion hedge fund, misappropriated $75 million to $100 million from the sale of the third-largest telecom in Jamaica, Oceanic Digital Jamaica, cheating minority shareholders of Oceanic Digital Communications of their share of the proceeds, **Nattel LLC claims in Federal Court. It seeks treble damages from SAC and affiliates, and **Signal Equity Partners, America Movil of Mexico, and The Bank of New York Mellon Corp. See the federal complaint.