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Jury Backs Bayou In $13M Clawback Row With Hedge Funds

By Samuel Howard (May 13, 2011, 6:46 PM EDT) -- Rejecting the good faith defense put forward by investors that cashed out of Bayou Group LLC well before the $450 million Ponzi scheme's collapse, a New York federal jury on Thursday said the investors must return $13 million in principal to the bankrupted Bayou estate....

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