Financial News

Archegos’ Hwang, Halligan plead not guilty to U.S. criminal charges

Reuters
Reuters
FILE PHOTO: A person walks past 888 7th Ave, a building that reportedly houses Archegos Capital in New York City

NEW YORK – Archegos’ Capital Management’s founder Bill Hwang and its chief financial officer Patrick Halligan pleaded not guilty on Wednesday to U.S. criminal charges over the meltdown of the family office, which caused billions in losses for banks.

(Reporting by Luc Cohen in New York)

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