Archive for September 10th, 2009

Hedge Fund Investment Does Not Give Rise to Claim Against Attorneys (2009-9-10)

In a June 2009 decision from New York’s highest court, the Court of Appeals held that attorneys for a hedge fund did not owe fiduciary duties to the investors.  The hedge fund in question was structured as a limited partnership, and the investors were limited partners. When the investment turned sour, the investors sued, claiming […]