GSC Lender's Defamation Claims Nixed In Asset Sale Row

Law360, New York (September 6, 2012, 9:14 PM EDT) -- A New York state judge on Thursday tossed Black Diamond Capital Management LLC's Mafia-themed defamation accusations out of a lawsuit stemming from the now-resolved bankruptcy of investment management firm GSC Group Inc., in the latest twist for the often-contentious restructuring.

Judge Paul G. Feinman dismissed claims that a group of GSC's minority lenders defamed majority lender Black Diamond by making statements to a news reporter that allegedly compared the hedge fund to the Corleone family from “The Godfather.”

Black Diamond alleged that an attorney for the...
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