(Reuters) A New York state judge dismissed a lawsuit brought by one hedge fund manager against another, finding the plans the two made to launch a new fund weren’t definite enough to form an enforceable contract.
Jonathan Lipton sued Michael Green in 2014, accusing him of reneging on a deal to partner with Lipton in a new fund called Trylon. Green allegedly launched Ice Farm Capital hedge fund with an investment from Soros Management instead.
