Ross Perot’s Co. Ducks Suit Over Parkcentral Collapse

Law360, Los Angeles (July 26, 2012, 9:03 PM EDT) -- A Texas federal judge on Thursday dismissed the claims against Perot Investments Inc. in an investor class action accusing the company of grossly mismanaging $2.5 billion hedge fund Parkcentral Global LP, saying the suit couldn’t support its breach of fiduciary duty claims against the company.

But the court allowed the investors to pursue some of their claims against Perot Investments' president, Steven Blasnik, and its director of trading, Peter Karmin, finding that the complaint did state viable causes of action for breach of fiduciary duty by...
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