Collapsed Hedge Fund Asks Court For Extra Time

Law360, New York (February 6, 2007, 12:00 AM EST) -- The failed Bayou Group hedge fund has asked a bankruptcy court for more time to file its reorganization plan, hoping it can recoup more than $135 million in investments it lost before it collapsed.

Asking a bankruptcy court for a six-month extension of its exclusivity period, lawyers for Bayou said the extra time was needed to manage the 102 lawsuits it had launched to recover profits from investors who jumped ship after they were allegedly tipped off about the fund’s failing fortunes.

Bayou argued in its...
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