NY Judge Knocks Hedge Fund For Flimsy DQ Bid

Law360 (September 20, 2019, 5:56 PM EDT) -- A New York federal judge on Friday agreed to sanction hedge fund Weston Capital Advisors Inc. for an "objectively unreasonable" bid to get him to step away from overseeing a long-running fight over millions owed to an Indonesian bank.

Calling the disqualification motion "another chapter" in the company's history of defiance, U.S. District Judge Paul A. Crotty refused to recuse himself and granted a fee-and-costs sanction to Bank Mutiara.

Judge Crotty said that Weston's disqualification bid, which focused largely on his decision last year to deny Weston a filing extension, clearly had no chance of success in light of the fact...

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