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Fletcher Sues to Block Cayman Liquidation of Hedge Fund

Bloomberg – Fletcher International Ltd., a hedge fund managed by the investment firm of Alphonse “Buddy” Fletcher, sued to block Cayman Islands-appointed liquidators from selling off its assets, after having filed for bankruptcy.

The lawsuit, filed in U.S. Bankruptcy Court in Manhattan July 2, seeks to stop Ernst & Young, official liquidators appointed by a Cayman Island judge after three Louisiana pension funds sued to get their money back, from interfering with the hedge fund’s efforts to reorganize under Chapter 11.

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