September 23, 2015
A Georgia federal judge on Wednesday refused to dismiss the majority of a $9 million clawback suit against people accused of wrongly profiting from bankrupt hedge fund American Pegasus SPC, which invested in subprime car loans, finding most of the dismissal bid was based on inapplicable technicalities. Correction: An earlier headline misidentified the defendant in the clawback suit. The error has been corrected.