text: Pilgrim Baxter founders to pay \$160m WASHINGTON -- The two founders of the Pilgrim Baxter mutual fund family have agreed to pay \$80 million each to settle regulators' charges of improper trading to benefit themselves and friends at the expense of longer-term shareholders, the authorities said yesterday.
inputs: Pilgrim Baxter founders to pay \$160m WASHINGTON -- The two founders of the Pilgrim Baxter mutual fund family have agreed to pay \$80 million each to settle regulators' charges of improper trading to benefit themselves and friends at the expense of longer-term shareholders, the authorities said yesterday.