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New York judge gives Bermuda hedge fund Fletcher International another 60 days to re-organize

August 03, 2012 by David Marchant

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A bankruptcy judge in New York has extended an injunction preventing Cayman feeder funds from pursuing a petition to wind up Fletcher International in Bermuda. Judge Robert E. Gerber stated that he wanted to give the hedge fund "a reasonable time" to attempt to re-organize, while acknowledging it might be beyond saving.

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