Fairfield Greenwich Group, the hedge fund that steered $7 billion to Bernard Madoff, faces new claims of fraud by investors who previously alleged negligence against co-founders Walter Noel, Jeffrey Tucker and Andres Piedrahita.
Almatis BV, a producer of specialty alumina products, filed a prepackaged Chapter 11 reorganization early this morning in New York where senior secured creditors led by an affiliate of Oaktree Capital Management LLC will take ownership in exchange for debt.
Dechert LLP won an appeal dismissing a suit by Fortress Investment Group LLC that claimed the law firm issued a false opinion letter endorsing a transaction with Marc Dreier, the lawyer later convicted of fraud.
Yellow-page publisher R.H. Donnelley Corp. filed a Chapter 11 petition late yesterday in Delaware along with agreement on a reorganization plan reducing debt by $6.4 billion and giving all of the new stock and $300 million in unsecured notes to holders of 11 issues of unsecured notes.
Foley & Lardner LLP announced that Tad Ferris joined as a partner and co-chairman of the firm’s Greater China regulatory practice in Washington. He was previously a principal on the China team at Holland & Knight LLP.
Spencer Dreier, whose father Marc is serving 20 years in prison for defrauding hedge funds, accused his ex-college roommate in court today of using “hateful insults and lies” to defame him and of assaulting him.