Managers Of Busted $2.5B Hedge Fund Fight Class Cert.

Law360, Dallas (November 21, 2013, 6:37 PM EST) -- The former directors of a collapsed $2.5 billion hedge fund that had invested in commercial mortgage-backed securities said at a hearing in Texas federal court Thursday that the fund investors' class certification should be denied because their claims are too individualized to move forward as a group.

The Parkcentral Global LP fund went bust in late 2008. Investors Southern Avenue Partners LP and Levine Capital Ltd. on behalf of a putative class allege Perot Investments Inc. fund managers had lied about the risk they were taking...
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Case Information

Case Title

Southern Avenue Partners LP v. The Perot Family Trust et al


Case Number

3:09-cv-00765

Court

Texas Northern

Nature of Suit

Fraud or Truth-In-Lending

Judge

Barbara M.G. Lynn

Date Filed

April 27, 2009

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