Scandal-ridden Bayou (Domestic) Hedge Funds said Tuesday it filed for Chapter 11 bankruptcy protection and will seek recoveries of $450 million for defrauded investors. Connecticut-based Bayou filed lawsuits against some former investors, accusing them of receiving "fictitious profits" in a scheme to inflate the value of the company's funds. Last year, the former Bayou chief executive and financial head both pleaded guilty to related charges of fraud.
May 31, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Scandal-ridden Bayou (Domestic) Hedge Funds said Tuesday it filed for Chapter 11 bankruptcy protection and will seek recoveries for defrauded investors.
Bayou filed lawsuits against some former investors, accusing them of receiving “fictitious profits” as part of a scheme to inflate the value of the Stamford, Conn.-based company’s funds.
Presented by BigVoodoo
Honoring outstanding legal achievements focused at the national level, largely around Big Law and in-house departments.
Women Leaders in Consulting Awards honors the industry standouts and rising stars who are making a mark within the profession.
Join General Counsel and Senior Legal Leaders at the Premier Forum Designed For and by General Counsel from Fortune 1000 Companies
General Statement of DutiesPerforms legal work involving full litigation of all types of matters both for and against the Town, including al...
Shipman & Goodwin LLP is seeking a attorney to expand our national commercial real estate lending practice. Candidates should have a mi...
Health Law Associate CT Shipman is seeking an associate to join our national longstanding health law practice. Candidates must have t...
