Durus Bails Out of Various Medical Holdings

Durus Capital Management, the hedge fund being sued by two companies after it "inadvertently" acquired huge percentages of their stock, has been selling millions of shares of other firms in which it had held substantial but less dominant stakes.

It is hard to ascertain from financial records the precise timing of all of Durus' transactions, or whether the fund made or lost money on these deals. But it is clear that since March 31, the fund run by Scott Sacane has sharply cut its investments in several companies in which Durus held stakes as high as 23%.

These holdings pale in comparison to the large chunks of stock that Durus owns in Aksys(AKSY Quote) and Esperion Therapeutics(symbol Quote). ...