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Hedge funds drop objection to IBRC’s US bankruptcy move

Irish Times  -Two funds linked to US billionaire hedge fund owner Paul Singer have dropped their objection to the former Anglo Irish Bank’s application for bankruptcy protection in the United States.

The funds, associated with Mr Singer’s Elliott Management, withdrew their challenge to the petition yesterday after the Delaware bankruptcy court blocked their request for access to official records revealing the Government’s decision-making behind the emergency liquidation of the bank in February.

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