{"id":5694,"date":"2014-09-23T00:00:00","date_gmt":"2014-09-23T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/09\/tj_malones_lincolnshire_manage"},"modified":"2022-05-06T10:59:37","modified_gmt":"2022-05-06T15:59:37","slug":"tj-malones-lincolnshire-manage","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/tj-malones-lincolnshire-manage\/","title":{"rendered":"T.J. Malone\u2019s Lincolnshire Management Settles with SEC for $2.3M Over Purportedly Improper Allocations That Cost Its Funds"},"content":{"rendered":"\n

Lincolnshire Management has consented to pay $2.3 million to the Securities and Exchange Commission to settle charges alleging improper expense allocations<\/a> involving two of its funds\u2019 investments in the same company. The New York-based private equity firm, which is run by businessman T.J. Maloney, claims to oversee $1.7 billion.<\/p>\n

Lincolnshire acquired PCS Inc. via its debut fund. Several years later it acquired Computer Technology Solutions with the intention of merging the two. However, reports Forbes.com, the first fund ran out of money, so Lincolnshire used its second fund to pay for the acquisition.<\/p>\n

Commingling investments can be precarious, especially as each fund had a slightly different investor base. Because of this, the firm created expense allocation policies that were paid directly to it. This meant that each company\u2019s allocation would be determined by the percentage of respective contributions to the total revenue of the overall revenue. However, the policies were never put in writing, which sometimes led to misallocations.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Lincolnshire Management has consented to pay $2.3 million to the Securities and Exchange Commission to settle charges alleging improper expense allocations involving two of its funds\u2019 investments in the same company. The New York-based private equity firm, which is run by businessman T.J. Maloney, claims to oversee $1.7 billion. Lincolnshire acquired PCS Inc. via its […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3928,3760,3761],"tags":[],"class_list":["post-5694","post","type-post","status-publish","format-standard","hentry","category-private-equity","category-sec-enforcement","category-securities-and-exchange-commis"],"yoast_head":"\nT.J. 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