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In Re: Bayou Group, LLC
Case Number:
1:09-cv-02340
Court:
Nature of Suit:
Judge:
Firms
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February 06, 2012
Ponzi Clawback Verdict Against Bayou Investors Stands
A New York federal judge on Monday upheld a jury verdict in a bankruptcy clawback suit against investors in Bayou Group LLC who cashed out before the public learned its hedge funds were a $450 million Ponzi scheme.
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May 13, 2011
Jury Backs Bayou In $13M Clawback Row With Hedge Funds
Rejecting the good faith defense put forward by investors that cashed out of Bayou Group LLC well before the $450 million Ponzi scheme's collapse, a New York federal jury on Thursday said the investors must return $13 million in principal to the bankrupted Bayou estate.
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November 05, 2010
Judge Seeks To Put To Rest Bayou Clawback Suits
A federal judge has referred disputes over nearly $25 million distributed to investors in now-defunct Ponzi scheme operator Bayou Group LLC to a magistrate judge, hoping to encourage settlements in the bankruptcy estate's efforts to recover the funds for creditors.
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September 20, 2010
'Overbroad' Ruling On Bayou Fund Transfers Reversed
A federal judge has reversed a bankruptcy court’s finding that investors who pulled out of Bayou Group LLC are not necessarily required to return all the funds they received as allegedly fraudulent transfers before the hedge fund was unmasked as a $450 million Ponzi scheme.