Fletcher Gets TRO Against Liquidator To Keep Assets Intact

Law360, New York (July 06, 2012, 2:51 PM ET) -- A New York bankruptcy judge on Thursday granted Fletcher International Ltd., which filed for Chapter 11 protection June 29, a temporary restraining order barring Cayman Islands court-appointed liquidators from taking action against the hedge fund and dismantling its assets, for now.

U.S. Bankruptcy Judge Robert E. Gerber granted Fletcher's motion for a temporary restraining order and preliminary injunctive relief confirming the applicability of the automatic bankruptcy stay to the proceedings, giving the debtor more time to make its case that only the New York Chapter 11...
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