Silverstein ex rel. Tetragon Financial Group Ltd. v. Knief
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM ORDER
JED S. RAKOFF, District Judge.
Plaintiff Daniel Silverstein brings this putative derivative action on behalf of Tet*442ragon Financial Group Ltd. (“TFG” or the “Fund”) against TFG’s principals and directors, its investment manager, Tetragon Financial Management LP (“TFM” or the “Investment Manager”) and Polygon Investment Partners LLP. The suit concerns $205 million in performance fees awarded to the Investment Manager. Plaintiff alleges that these fees were fraudulently awarded because they resulted from defendants’ manipulation of the Net Asset Value (“NAV”) of the Fund.
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2Cases cited9 opinions
- Cohen v. Beneficial Industrial Loan Corp.Supreme Court of the United States · 1949
- Hanna v. PlumerSupreme Court of the United States · 1965
- Sibbach v. Wilson & Co.Supreme Court of the United States · 1941
- Shady Grove Orthopedic Associates, P.A. v. Allstate Insurance Co.Supreme Court of the United States · 2010
- Mississippi Publishing Corp. v. MurphreeSupreme Court of the United States · 1946
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- Moore v. J.W. Marriott, Jr.District Court, D. Maryland · 2021