Legal Opinion
Fraternity Fund Ltd. v. Beacon Hill Asset Management, LLC
District Court, S.D. New York
Decided March 27, 2007No. 03 CIV.2387 LAKPublishedCited by 65 opinions
1Opinion of the Court
OPINION
KAPLAN, District Judge.
Investors in several hedge funds bring this action against the funds’ managers and certain financial institutions for participating in an alleged fraud. Banc of America Securities, LLC (“BAS”) and Prudential Financial, Inc., Prudential Equity Group, LLC, and Wachovia Securities, LLC (collectively “Prudential”) are charged with aiding and abetting fraud and breach of fiduciary duty by the funds’ managers. They move to dismiss the complaint as to them.
Facts
I. The Funds
Plaintiffs are investors in Bristol Fund, Ltd. (“Bristol”), Safe Harbor Fund, LP (“Safe Harbor”),…
2Cases cited49 opinions
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- Mertens v. Hewitt AssociatesSupreme Court of the United States · 1993
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3Cited by65 opinions
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