Legal Opinion
Shailja Gandhi Revocable Trust v. Sitara Capital Management, LLC
Court of Appeals for the Seventh Circuit
Decided July 9, 2013No. 12-3105PublishedCited by 86 opinions
1Opinion of the Court
WILLIAMS, Circuit Judge.
Plaintiffs, investors in a hedge fund, filed suit against those responsible for managing the fund, Defendants Sitara Capital Management, LLC and Rajiv Patel, after a bad investment by the fund resulted in significant financial losses for its investors. The district court gave Plaintiffs multiple chances to select a legally cognizable theory of recovery; although the court dismissed the Plaintiffs’ first two complaints, it granted leave to amend following each dismissal. On the day that dispositive motions were due, Plaintiffs sought to file another amended complaint to…
2Cases cited12 opinions
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3Cited by86 opinions
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