Skadden To Pay $4.25M To Settle Fletcher Ch. 11 Tiff

Law360, New York (March 21, 2014, 7:57 PM EDT) -- The trustee in hedge fund Fletcher International Ltd.'s Chapter 11 case on Friday asked a New York federal bankruptcy court to approve a settlement between the company, several creditors and Skadden Arps Slate Meagher & Flom LLP, which agreed to pay $4.25 million.

Fletcher's trustee and various affiliated funds had accused Skadden of inadequately protecting the interests of the funds and their investors' claims in the bankruptcy. Skadden denied the claims, and indicated that it would vigorously defend itself against them in any potential litigation....
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Fletcher International, Ltd.


Case Number

1:12-bk-12796

Court

New York Southern

Nature of Suit

Date Filed

June 29, 2012

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.