Bankrupt Fletcher Fund Sues To Fight Liquidation

Law360, New York (July 5, 2012, 3:18 PM EDT) -- Hedge fund Fletcher International Ltd., which filed for Chapter 11 protection June 29, on Monday filed an adversary proceeding in New York bankruptcy court in a bid to prevent liquidators appointed in a Cayman Islands proceeding from dismantling the company's assets.

Bermuda-based Fletcher, which is owned by Cayman Islands-based Fletcher Income Arbitrage Fund and Fletcher International Inc., says liquidity demands by three Louisiana pension fund investors in early 2012 resulted in the funds filing a winding-up petition in the Grand Court of the Cayman Islands against...
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.