Fletcher Trustee Says Fund Money Used For Dakota Bias Suit

Law360, Wilmington (October 2, 2013, 9:23 PM EDT) -- The trustee in the Fletcher International Ltd. bankruptcy case Tuesday accused Alphonse “Buddy” Fletcher Jr. of funneling $975,000 from the hedge fund to pay personal legal bills to Kasowitz Benson Torres & Friedman LLP related to a lawsuit against the Dakota apartment building, and wants the firm to return the money.

Richard J. Davis filed the avoidance action in the U.S. Bankruptcy Court for the Southern District of New York, claiming that hedge fund Fletcher International retained Kasowtiz Benson in 2011 for services related to potential...
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