Highview Point Agrees To Dismiss Ch. 11

Law360, Wilmington (May 27, 2011, 6:59 PM EDT) -- Investment adviser Highview Point Partners LLC bailed on its Chapter 11 reorganization Wednesday in Delaware, leaving a dispute with the U.S. Securities and Exchange Commission over $230 million deposited in its funds to be settled in federal court in Connecticut.

The SEC alleged in a January lawsuit that Highview was one cog in a $53 million Ponzi scheme with Kenwood Capital Management LLC at its center. The company filed for bankruptcy on May 6, hours before the SEC moved to have Kenwood’s court-appointed receiver take control...
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