Legal Opinion
Williamson ex rel. Lipper Convertibles, L.P. v. PricewaterhouseCoopers LLP
Appellate Division of the Supreme Court of the State of New York
Decided June 22, 2006PublishedCited by 5 opinions
1Opinion of the Court
OPINION OF THE COURT
Saxe, J.
This lawsuit arises out of the collapse of a hedge fund called Lipper Convertibles, L.E (the Fund). After the Fund’s portfolio manager, Edward Strafaci, unexpectedly resigned on January 14, 2002, the Fund conducted a review of its portfolio and discovered that Strafaci had used an improper method for valuing the portfolio’s securities, materially overstating the value of Lipper Convertibles’ securities holdings. As a result, the Fund, along with Lipper Fixed Income Fund, L.E, another hedge fund which had invested in Lipper Convertibles (collectively, the Partner…
2Cases cited9 opinions
- Leon v. MartinezNew York Court of Appeals · 1994
- Ackerman v. Price WaterhouseNew York Court of Appeals · 1994
- Ackerman v. Price WaterhouseAppellate Division of the Supreme Court of the State of New York · 1998
- Zaref v. BerkAppellate Division of the Supreme Court of the State of New York · 1993
- Hall & Co. v. Steiner & MondoreAppellate Division of the Supreme Court of the State of New York · 1989
4 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Williamson v. PricewaterhouseCoopers LLPNew York Court of Appeals · 2007
- Booth v. KriegelAppellate Division of the Supreme Court of the State of New York · 2006
- Transport Workers Union of America Local 100 v. SchwartzAppellate Division of the Supreme Court of the State of New York · 2006
- Serino v. LipperAppellate Division of the Supreme Court of the State of New York · 2007
- Williamson v. StalloneNew York Supreme Court · 2010