Hedge fund Diamondback Capital Management and ex-trader Anthony Scolaro agreed to settle with the SEC in their respective insider trading cases.  The Stamford, CT-based firm has not been accused of any wrongdoing but will be disgorged of $1 million in fees and interest. Scolaro, who last year pled guilty to criminal charges for having traded, on behalf of Diamondback, using inside information that he obtained from a pair of Ropes & Gray lawyers at Ropes & Gray.  Scolaro agreed to pay $203K in disgorgement and penalties to settle his civil case with the SEC.  Scolaro also was barred from the industry. Diamondback was one of four hedge funds raided by federal agents last year in the government's ongoing probe into fund manager's use of expert networks.  The other 3 - Level Global, Loch Capital, and Barai Capital - have since shut down or are in the process of doing so.  [Reuters, 8/31/11]