ICP Hedge Fund Bankruptcies To Center In Cayman Islands

Law360, New York (August 9, 2013, 6:49 PM EDT) -- A New York bankruptcy judge said Thursday the Cayman Islands insolvency proceedings of two hedge funds formerly managed by investment adviser Thomas Priore — who last year settled allegations that he and his firm ICP Asset Management LLP defrauded mortgage-backed securities investors — will be designated as the foreign main bankruptcy case.

U.S. Bankruptcy Judge Robert E. Gerber formally recognized the Cayman Islands liquidations proceedings for ICP Strategic Credit Income Master Fund Ltd. and ICP Strategic Credit Income Fund Ltd. as the foreign main proceedings in...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title


Case Number

1:13-bk-12116

Court

New York Southern

Nature of Suit

Date Filed

June 28, 2013

Law Firms

Companies

Government Agencies

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.