Philip Goldstein, the outspoken hedge fund manager who runs Bulldog Investors, is calling Massachusetts Secretary of State William Galvin’s office a “kangaroo court” that is restricting his First Amendment rights, the Boston Globe reports.
Galvin accused Bulldog of improperly soliciting investors over the Internet and ordered him to close down his website. Hedge funds are restricted from advertising.
Goldstein’s lawyer has now sent letters to Suffolk Superior Court Judge Ralph Gants seeking a preliminary injunction against the order to shut down his website.
Goldstein said Galvin’s office is now stalling because he knows he has a weak case against him. “They’re afraid because they’re going to get slapped” for bringing the case against Bulldog, Goldstein said.
Nonetheless, Gants declined giving Bulldog an injunction in April, saying he wanted to give Galvin’s office more time to bring its case.