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Bankrupt PlusFunds Shells Out More Money

Law360 (June 26, 2006, 12:00 AM EDT) -- PlusFunds Group Inc., the hedge-fund manager that went bankrupt in the wake of Refco Inc.’s collapse, has paid $300,000 to a private equity firm that demanded reimbursement for legal costs following a failed bid to acquire its assets.

In documents filed last week with the U.S. Bankruptcy Court in Manhattan, PlusFunds disputed the claims of the private equity firm, FTVentures, but settled the suit anyway as part of an agreement in which the two sides said they would not make further claims against one another....
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