We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Bayou Investor Appeals Suit Against Advisor

Law360 (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....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.