A Delaware Supreme Court ruling against a defunct hedge fund affiliated with the Perot Family Trust will make it easier for hedge fund investors to investigate legal claims against closed hedge funds.
The court’s Aug. 12 en banc ruling in Parkcentral Global LP v. Brown Investment Management LP affirmed a May 11 Delaware Court of Chancery ruling. In the lower court, Vice Chancellor Travis Laster ordered defunct hedge fund Parkcentral to give Brown Investment the names and addresses of the fund’s other limited partners.
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