US Trustee Asks Judge To Tap Ch. 11 Trustee For Fletcher

Law360, New York (August 24, 2012, 6:24 PM EDT) -- The U.S. trustee asked a New York bankruptcy judge Friday to appoint a Chapter 11 trustee for hedge fund Fletcher International Ltd., saying the debtor's management is too intertwined with that of affiliated entities that need to be investigated to be considered independent.

U.S. Trustee Tracy Hope Davis, who oversees bankruptcy cases filed in Region 2, an area that includes the Southern District of New York, filed the motion, which follows a similar motion the debtor filed Wednesday that also requested the appointment of a trustee...
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