• Kirk T. Hartley

Sunshine has Value - Chapter 11 Investigation Yields Proof of Attempted Bid Rigging by a Hedge Fund

It is good to see bankruptcy courts authorizing more investigations into chapter 11 backstories. Here, under investigation, a hedge fund manager was caught and admitted a ‘grave mistake.’ The mistake consisted of trying to rig the bidding for some assets. Caught, he said: a “Maybe I should go to jail,” “But I’m asking you not to put me in jail.”

The story is out in many places. I learned of it from this August 20, 2020 article in the Financial Times.

6 views0 comments

Recent Posts

See All

About Kirk

Since becoming a lawyer in 1983, Kirk’s over 30 years of practice have focused on advising a wide range of corporations, associations, and individuals (as both plaintiffs and defendants) on both tort and commercial law issues centered around “mass torts.”


Copyright © 2020, GlobalTort All Rights Reserved.