Veras Asks For Dismissal In Hedge Fund Case

Law360, New York (July 27, 2007, 12:00 AM EDT) -- Offshore hedge Fund Veras Capital Partners has asked a court to dismiss a suit filed by one of its former investors, another offshore hedge fund called Gottex Value Added Market Neutral Master Ltd. Veras says claims made by Gottex are barred by an applicable two year statute of limitations.

Hedge fund Gottex, a Veras investor, claims to have suffered losses as a direct result of alleged deceptive behavior by Veras. Gottex invested in an offshore Veras hedge fund in August and September of 2003.

In Thursday's...
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