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Advisor Balks At Subclass In Bayou Class Action

Law360 (September 4, 2007, 12:00 AM EDT) -- In the massive securities litigation against collapsed hedge fund Bayou Group LLC, an investment advisory firm has taken aim at a small subclass that has accused the advisor of negligence for steering its members towards the fraudulent fund.

Hennessee Group LLC and two of its principals filed a memorandum of law on Friday in the U.S. District Court for the Southern District of New York opposing the part of the putative Bayou class's July 16 motion for class certification that asks for the subclass's certification....
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