Fletcher Wins Injunction Against Cayman Liquidators

Law360, New York (July 27, 2012, 8:04 PM EDT) -- A New York bankruptcy judge on Friday granted Fletcher International Ltd. a 60-day preliminary injunction barring Cayman Islands court-appointed liquidators from taking action against the hedge fund and dismantling its assets, declining to grant the motion on a longer basis.

U.S. Bankruptcy Judge Robert E. Gerber ruled for the debtor in the dispute, in which Louisiana pension fund investors are seeking to have liquidators appointed against related Fletcher entities in the Cayman Islands proceeding that the debtor argued would, against bankruptcy law, be able to affect...
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