CNBC Says Pirate Capital's Analysts Left Firm

According to reports from CNBC's David Faber, all or most of activist hedge fund Pirate Capital's analysts have left the firm after a dispute about handling regulatory matters and pay.

Pirate Capital, one of the most well-known activist hedge funds, recently came under SEC scrutiny for failing to promptly disclose changes in material holdings, including OSI Restaurant (NYSE: OSI) and FreightCar America (Nasdaq: RAIL) - position the hedge fund closed out.

Some of Pirate's holdings, based on recent disclosures, include: Brink's (NYSE: BCO), CEC Entertainment Inc. (NYSE: CEC), CKE Restaurants Inc. (NYSE: CKR), Cornell Companies, Inc. (NYSE: CRN), GenCorp Inc. (NYSE: GY), Intrawest Corporation (NYSE: IDR), James River Coal Company (NASDAQ: JRCC), Mirant Corporation (NYSE: MIR), P.H. Glatfelter Company (NYSE: GLT), PW Eagle, Inc. (NASDAQ: PWEI), The Pep Boys (NYSE: PBY), Walter Industries, Inc. (NYSE: WLT).