New Lawsuits Target Bayou Investors

Law360, New York (July 6, 2006, 12:00 AM EDT) -- Former investors in insolvent hedge fund Bayou Group will soon have to defend themselves in court, after receivers for the now-defunct fund filed 25 lawsuits seeking to redistribute proceeds paid to investors before the group’s collapse.

The lawsuits seek a full recovery of all funds paid to investors in order to distribute them more equitably among creditors and investors.

“The intent and purpose of the lawsuits and these Chapter 11 cases is to make fair and equitable distributions to all creditors, and to undo the circumstances...
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