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Energy-focused hedge fund Powhatan files for bankruptcy after years of litigation

February 21, 2022 : Permanent Link

(Opalesque) Powhatan Energy Fund LLC has filed for Chapter 7 bankruptcy liquidation, with more than $26m in Federal Energy Regulatory Commission (FERC) market manipulation sanction liabilities but less than $53,000 in cash. The filing effectively ends years of litigation.

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