Bayou Updates Plan Ahead Of Hearing

Law360, New York (December 19, 2007, 12:00 AM EST) -- Bayou Group LLC has filed amended versions of its Chapter 11 plan and disclosure statement and is hoping to have its disclosure statement approved on Thursday by the bankruptcy court overseeing the defunct hedge fund's liquidation.

On Wednesday, Bayou filed its modified second amended disclosure statement, on the heels of the Tuesday filing of its first amended joint Chapter 11 plan, with the U.S. Bankruptcy Court for the Southern District of New York in White Plains.

“Essentially, what this does is cleanly move the resolution of...
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