Hedge Funds and Private Equity Litigation

The Litigation Group represents hedge funds, asset managers, hedge fund managers, and hedge fund investors, as well as private equity and other funds in litigations, arbitrations, and bankruptcies throughout the U.S..  We counsel funds and fund managers on their fiduciary and disclosure obligations; defend them in contract, fiduciary and other disputes; and prosecute claims on their behalf, including against leading financial institutions.  We also counsel limited partners and represent them in disputes arising out of their investments. We work regularly with our corporate attorneys specializing in Investment Fund work to ensure maximum efficiency.

Examples of our recent cases include:

• Defense of several hedge funds in the Lyondell and Tribune fraudulent transfer multidistrict litigations.

• Successful defense of a credit derivative products company against breach of contract claims brought by a counterparty investment bank in which we obtained dismissal of several claims, leading to a business resolution and the bank’s withdrawal of its lawsuit.

• Advised a hedge fund in connection with its potential prosecution of claims based on a Ponzi scheme and in connection with related investor disclosure obligations.

• Secured the dismissal of securities fraud claims brought against a hedge fund in Australia.

• Advised an asset management company with respect to potential claims against a fund in which it invested.

• Advised a Japanese bank concerning its obligations as a counterparty to forward-sale agreements with various hedge funds in connection with terminations of those agreements resulting from the Lehman bankruptcy.