(Reuters) A New York state judge has thrown out a lawsuit brought by two hedge funds against their accountants for failing to detect a financial fraud, finding the funds’ claims were caused by their own misconduct.FIA Leveraged Fund Ltd and Fletcher Income Arbitrage Fund Ltd sued auditors Grant Thornton and EisnerAmper in April, seeking to recover $47 million in damages caused by the funds’ manager Alphonse Fletcher Jr and his asset management firm.
Hedge Fund Case Against Auditors Tossed
This entry was posted in Syndicated. Bookmark the permalink.
