Hedge Fund News From HedgeCo.Net

Barclays found liable in $300 million Black Diamond dispute

Reuters – British bank Barclays Plc breached a derivative agreement with a Black Diamond Capital Management unit and must return an estimated $297 million in collateral to the hedge fund, a divided New York state appeals court ruled on Thursday.

Barclays said on Friday it disagreed with the decision and was considering an appeal against it.

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