May 26, 2015
The foreign representatives overseeing the New York bankruptcy proceedings of two ICP Asset Management LLC hedge funds accused Barclays PLC of misappropriating $36.5 million in fund money that should have gone to defrauded mortgage-backed securities investors.
August 09, 2013
A New York bankruptcy judge said Thursday the Cayman Islands insolvency proceedings of two hedge funds formerly managed by investment adviser Thomas Priore — who last year settled allegations that he and his firm ICP Asset Management LLP defrauded mortgage-backed securities investors — will be designated as the foreign main bankruptcy case.