Fletcher International Wants Ch. 11 Trustee Appointed

Law360, New York (August 22, 2012, 3:30 PM EDT) -- Bankrupt hedge fund Fletcher International Ltd. filed an emergency motion Wednesday for the appointment of a Chapter 11 trustee, citing its acrimonious relationship with two feeder funds that have sought to take away its control over the case since its inception.

Fletcher wants a trustee to be put in charge of reorganizing or liquidating its assets, arguing that "given the nature and course of the proceedings in this case to date," that is the best solution for the interests of the debtor's estate and its stakeholders....
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