Sun, Sep 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

US Federal Court dismisses case against Epsilon

Friday, December 24, 2010
Opalesque Industry Update - A U.S. Federal Court has dismissed a civil lawsuit pending  in Seattle against Epsilon Global Active Value Fund II, Ltd.  The case was terminated after  the federal court determined that there was no remaining cause of action. 

  The decision, issued on December 6, 2010 by Judge Richard A. Jones of the U.S. District  Court for the Western District of Washington in Seattle, brings to an end all aspects of a  lawsuit against four Epsilon entities as well as fund manager Steve G. Stevanovich filed  in March, 2010 by the Seattle City Employees Retirement Fund (SCERS).   The Court had  previously dismissed three of the four Epsilon companies and Mr. Stevanovich from the  action.    

  In its original complaint, SCERS sought to compel Epsilon and Mr. Stevanovich to provide  certain audited financial information.  Epsilon responded that it could not meet the  demand until its auditors completed an ongoing audit, although Epsilon did provide  SCERS with documents that the Court determined were a “reasonable equivalent.” 

  The other three Epsilon entities dismissed in the SCERS’ lawsuit were Epsilon Global  Master Fund II, L.P., Epsilon Investment Management LLC, Epsilon Global Asset  Management Ltd., which are part of the Epsilon and Westford family of funds managed  by Steve G. Stevanovich. 

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco

  5. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L