Stillwater Runs Deep For Investment Redemptions

Law360, New York (March 12, 2013, 1:10 PM EDT) -- In one of the first decisions from a United States court involving alleged overreaching by an offshore fund, the Bankruptcy Court for the Southern District of New York, in In re Stillwater Asset Backed Offshore Fund Ltd., 2013 Bankr. LEXIS 226, 57 Bankr. Ct. Dec. 127 (Bankr. S.D.N.Y. Jan. 17, 2013, Bankruptcy Judge Allan Gropper), recently denied a motion by the putative debtor, an offshore fund incorporated in the Cayman Islands, to dismiss an involuntary petition filed under the U.S. bankruptcy laws.

This ruling, as discussed...
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