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...
To view the full article, register now.




Case Information

Case Title

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

Case Number



Texas Northern

Nature of Suit

Fraud or Truth-In-Lending


Barbara M.G. Lynn

Date Filed

April 27, 2009

Law Firms

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.