We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Conn. Hedge Fund Sued For Rejecting Redemption

Law360 (May 20, 2009, 12:00 AM EDT) -- A Connecticut-based hedge fund wrongfully gave preferential treatment in handing out redemptions, then dashed into arbitration to block a lawsuit when a California-based investment fund sought to redeem its $5.5 million investment in July, according to a newly filed lawsuit.

Stratos Non-Directional Fund LP's complaint, filed May 13 in the U.S. District Court for the Southern District of New York, is seeking a stay of nascent arbitration proceedings before Judicial Arbitration and Mediation Services Inc., launched by defendant New Stream Secured Capital Fund (US) LLC....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.