Bayou Creditors To Examine Goldman Brokerage

Law360, New York (February 4, 2008, 12:00 AM EST) -- Creditors in Bayou Group LLC's Chapter 11 case have gained access to documents from a Goldman Sachs Co. subsidiary that they accused of aiding the defunct hedge fund's fraudulent schemes.

On Jan. 30, Judge Adlai S. Hardin Jr. of the U.S. Bankruptcy Court for the Southern District of New York granted the motion of Bayou's official committee of unsecured creditors for production of documents and witnesses under Bankruptcy Rule 2004.

The order cleared the path for the committee to investigate Goldman Sachs Execution & Clearing LP....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.