Bayou Investor Appeals Suit Against Advisor

Law360, New York (August 28, 2007, 12:00 AM EDT) -- In an appeal that could shape how the U.S. Supreme Court's landmark Tellabs decision is understood, a firm that had invested $1.5 million in collapsed hedge fund Bayou Group LLC asked a circuit court Friday to reinstate its securities claims against the firm that had advised it to invest in Bayou to begin with.

The investor, South Cherry LLC, appealed District Judge Colleen McMahon's dismissal of its complaint against investment advisor Hennessee Group LLC to the U.S. Court of Appeals for the Second Circuit.

On Aug....
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