Casino Investors, Noteholders Spar Over IPO Probe

Law360 (August 14, 2019, 6:34 PM EDT) -- A bankrupt hedge fund and a group of its noteholders are each defending their claims they are the appropriate party to determine whether the Chapter 11 estate has a claim against the hedge fund's parent company for an initial public offering gone wrong.

In filings on Tuesday, both Silver Point Capital-owned New Cotai Holdings and the ad hoc noteholder group called the other too conflicted to conduct the probe and said they were the best party to determine if New Cotai has claims against Silver Point over the IPO.

New Cotai and several related funds filed for bankruptcy May 1 when...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS