Op risk data: Pentwater pays up for taking Avis shares for a spin
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Also: Romania’s Robor cop gets tough on benchmark rigging; Wamco’s cherry-picking squashed. Data by ORX News
Pentwater Capital Management incurred June’s largest loss when it agreed to pay $650 million to Avis Budget Group to settle claims it violated federal rules governing short-swing profits. Short-swing profits are those generated by insider buying and selling, conducted within six months. Pentwater had reportedly disclosed a 9% stake in Avis in December 2025 and built its total economic interest in
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