Tag Archives: court-decision


Hedge funds shut out as banks win IMO

Times Online – A group of banks that financed the £450 million leveraged buy-out (LBO) of car wash group IMO will take control of the struggling business leaving a rival group of hedge fund investors with nothing. In a High […]

U.S. hedge funds bleeding, one gone

SF Gate – There probably won’t be many tears for Larkspur’s Copper River Management LLC. The $1 billion hedge fund’s partiality to short selling earned it obloquy, lawsuits and, ultimately, death. No trace of company personnel could be found for […]

Citadel to close its offices in Tokyo

Chicago Tribune – The Citadel Investment Group will shutter its Tokyo offices and cut 37 jobs from its Asian operations. The Chicago-based hedge fund will still have a presence in Hong Kong, where 25 positions will be cut, the company […]

Pacificor Hedge Fund Faces Lawsuit

New York (HedgeCo.Net) – The hedge fund formerly run by the late Michael Klein has been sued by two individuals who owned a mortgage lending business in which the fund had a stake. John and Kitty Gaiser are suing California-based […]

Palm Beach Hedge Fund Burned by Ponzi-Schemer Petters

New York (HedgeCo.Net) – South Florida-based hedge fund Palm Beach Finance Partners LP says it lost more than $1 billion to the company run by famed fraudster Tom Petters.  Petters headed Minnesota-based Palm Beach Finance Holdings Inc. before being charged […]

‘Short’ Attack May Spur Hedge Funds To Sue

New York Post – As the Securities and Exchange Commission continues its assault on short sellers, hedge funds are discussing legal action to challenge Chairman Chris Cox’s recent moves – just as funds in the UK are considering lawsuits against […]

Suits Fly at the Plaza

New York Post – The developers of the famed landmark are fighting back following two multimillion-dollar lawsuits filed against them by separate penthouse buyers within the past two weeks. Developer El-Ad Properties, which renovated the 101-year-old building to include pricey […]

Brother of Bayou’s Marino Pleads Guilty to Helping Hide Fraud

Bloomberg – The brother of former Bayou Group LLC finance chief Daniel Marino, who is serving 20 years in prison, pleaded guilty to a federal charge that he helped conceal a $400 million fraud at the bankrupt hedge-fund firm. Matthew […]

Biden’s Son In Fund Suit

New York Post – Hedge fund executive Hunter Biden has had anything but a quiet introduction to his career in finance. The 38-year-old son of Democratic vice presidential candidate Sen. Joe Biden is caught up in several lawsuits regarding the […]

Biden’s Son, Brother Named in Two Suits

Washington Post – A son and a brother of Sen. Joseph R. Biden Jr. (D-Del.) are accused in two lawsuits of defrauding a former business partner and an investor of millions of dollars in a hedge fund deal that went […]

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