Cowen (COWN): We're Not Part of Societe Generale/Aurum Arbitration
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Cowen Group, Inc. (Nasdaq: COWN) today issued the following clarifying statement related to reports that Cowen is implicated in the recent FINRA arbitration between Societe Generale SA and Aurum STS Aggressive Trading LLC:
“The businesses underlying the Societe Generale and Aurum arbitration were never part of the independent Cowen Group that was spun-out of Societe Generale in 2006. Claimants in the original litigation misidentified the parties and any decisions related to this issue remain the sole responsibility of Societe Generale.”
“The businesses underlying the Societe Generale and Aurum arbitration were never part of the independent Cowen Group that was spun-out of Societe Generale in 2006. Claimants in the original litigation misidentified the parties and any decisions related to this issue remain the sole responsibility of Societe Generale.”
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