Hedge Fund Demands Ford Help Pay Off $85M Judgment

Law360, New York (March 2, 2012, 6:37 PM EST) -- A New York hedge fund asked a state court Friday to make Ford Motor Co. cough up $6 million to help the fund recoup $85 million owed to it by a bankrupt Mexican glass company that supplies the automaker.

Aurelius Opportunities Fund IV Ltd. asked for a turnover order that would compel Ford to bring the money directly to New York County offices, according to a motion filed Wednesday in New York Supreme Court.

In December, Judge Bernard J. Fried ruled that some affiliates of bankrupt...
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