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Southern Avenue Partners LP v. The Perot Family Trust et al
Case Number:
3:09-cv-00765
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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September 02, 2014
Class Cert. Denied In Collapsed $2.5B Hedge Fund Row
A Texas federal judge refused to certify a putative class accusing Perot Investments Inc. directors of lying about risky commercial mortgage-backed securities behind the collapse of $2.5 billion hedge fund Parkcentral Global LP, ruling in an opinion unsealed Tuesday that the class isn't numerous enough.
-
November 21, 2013
Managers Of Busted $2.5B Hedge Fund Fight Class Cert.
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.
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July 26, 2012
Ross Perot's Co. Ducks Suit Over Parkcentral Collapse
A Texas federal judge on Thursday dismissed the claims against Perot Investments Inc. in an investor class action accusing the company of grossly mismanaging $2.5 billion hedge fund Parkcentral Global LP, saying the suit couldn't support its breach of fiduciary duty claims against the company.