April 17, 2014
A New York federal bankruptcy court approved a $4.25 million settlement Tuesday requiring Skadden Arps Slate Meagher & Flom LLP to pay bankrupt hedge fund Fletcher International Ltd. and several creditors to resolve claims the law firm failed to protect the interests of the hedge fund and its investors.
March 28, 2014
A New York bankruptcy judge on Thursday gave the investment firm once run by Alphonse "Buddy" Fletcher the go-ahead to begin winding down nearly two years after the fund first launched its Chapter 11 proceedings.
March 21, 2014
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.
October 02, 2013
The trustee in the Fletcher International Ltd. bankruptcy case Tuesday accused Alphonse "Buddy" Fletcher Jr. of funneling $975,000 from the hedge fund to pay personal legal bills to Kasowitz Benson Torres & Friedman LLP related to a lawsuit against the Dakota apartment building, and wants the firm to return the money.
November 09, 2012
A New York bankruptcy judge granted a request Friday by Fletcher International Ltd.'s Chapter 11 trustee for authority to issue subpoenas to former employees, officers and directors and other parties in connection with his investigation into the private equity firm's downfall.
September 05, 2012
A New York bankruptcy judge on Wednesday ordered the appointment of a Chapter 11 trustee in private equity firm Fletcher International Ltd.'s Chapter 11 case, rejecting a stakeholder's argument that an examiner, if anything, is more appropriate at this point.
August 28, 2012
A hedge fund firm managed by New York mogul Alphonse "Buddy" Fletcher and the firm's feeder funds filed motions in its New York bankruptcy case Sunday and Monday seeking to compel the firm's custodian to allow access to its servers.
August 24, 2012
The U.S. trustee asked a New York bankruptcy judge Friday to appoint a Chapter 11 trustee for hedge fund Fletcher International Ltd., saying the debtor's management is too intertwined with that of affiliated entities that need to be investigated to be considered independent.