September 02, 2014
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
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.
July 26, 2012
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.