Fletcher International Ltd.

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Soundview Elite Ltd. et al v. Alphonse ‘Buddy’ Fletcher: Summary Judgment Decision

Decision Granting Plaintiffs' Motion for Summary Judgment Against Alphonse 'Buddy' Fletcher, Jr. in Corinne Ball, as Plan Administrator of Soundview Elite Ltd., Soundview Premium, Ltd., Soundview Star Ltd., Elite Designated, Premium Designated and Star Designated v. Alphonse 'Buddy' Fletcher, Jr., filed at the U. S. District Court for the Southern District of New York.

Insolvent offshore funds sue suspected fraudster’s mother

The liquidators of the Fletcher International Group in Bermuda and the Cayman Islands are suing the 79-year-old mother of U.S.-based suspected fraudster Buddy Fletcher in an attempt to recover over $700,000 they claim he fraudulently transferred to her.

Soundview Elite Ltd. et al v. Collis Crill: Complaint

Adversarial Complaint in Corinne Ball, as Chapter 11 Trustee of Soundview Elite Ltd., Soundview Premium Ltd., Soundview Star Ltd., Elite Designated, Premium Designated, and Star Designated v. Collis Crill, formerly known as Charles Adams Ritchie & Duckworth, at the U. S. Bankruptcy Court for the Southern District of New York.

Massachusetts Bay Transportation Authority Retirement Fund et al v. Citco Fund Services (Cayman Islands) Ltd. et al: Complaint

Complaint in Massachusetts Bay Transportation Authority Retirement Fund, FIA Leveraged Fund Ltd., Fletcher Income Arbitrage Fund Ltd., and Fletcher International Ltd. v. Citco Fund Services (Cayman Islands) Ltd., Citco Fund Services (Suisse) SA, Citco Group Ltd., Citco Trading, Inc., Citco Global Custody (NA) NV, Citco Bank Corporation NV, SFT Bank NV, and Ermanno Unternaehrer at New York Supreme Court.

Fletcher International Ltd. v. Richcourt Euro Strategies Inc. et al: Complaint

Complaint in Fletcher International Ltd., of Bermuda v. Pitagora Fund Ltd., of the Cayman Islands; Richcourt Euro Strategies Inc., Richcourt Allweather B Inc., and America Alternative Investments Inc., all of the British Virgin Islands at the U. S. Bankruptcy Court for the Southern District of New York.

America Alternative Investments Inc. et al: Liquidation Application

Application to liquidate America Alternative Investments Inc., Optima Absolute Return Fund Ltd., Richcourt Allweather B Inc., Richcourt Allweather Fund Inc., Richcourt Composite Inc., and Richcourt Euro Strategies Inc. at the British Virgin Islands High Court.

FIA Leveraged Fund: Chapter 15 Petition

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Cayman Islands by Robin McMahon and Roy Bailey, as the Foreign Representatives of FIA Leveraged Fund (in liquidation), at the U. S. Bankruptcy Court for the Southern District of New York.

Citco Group implicated in alleged Fletcher International hedge fund fraud

Not for the first time, hedge fund service provider Citco has been accused of helping a client defraud investors in an offshore hedge fund and then failing to co-operate with investigators. The latest incident involves Bermuda-domiciled Fletcher International Ltd. and its Cayman feeder funds.

Firefighters’ Retirement System et al v. Citco Group Limited et al: Notice of Removal

Notice of Removal, including copy of complaint, in Firefighters' Retirement System, Municipal Employees' Retirement System of Louisiana, and New Orleans Firefighters' Pension & Relief Fund v. Citco Group Limited, Citco Fund Services (Cayman Islands) Limited, Citco Fund Services (Bermuda) Limited, Citco Fund Services (Suisse) S.A., Citco Fund Services (Europe) B.V., Citco Global Custody N.V., Citco (Canada) Inc., Citco Bank Nederland N.V. Dublin Branch, Citco Banking Corporation N.V., Citco Curacao N.V., Citco (USA) Holdings Inc., Citco Fund Services (SA) Inc., Citco Technology Management, Inc.,  Fletcher Asset Management, Inc., Alphonse 'Buddy' Fletcher, Jr., Denis Kiely, Duhallow Financial Services, LLC, Lisa Alexander, Peter M. Zayfert, Consulting Group Services, LLC, Joe Meals, Grant Thornton International Ltd., and Skadden, Arps, Meagher & Flom, LLP at the U. S. District Court for the Middle District of Louisiana.

Cayman feeder fund consents to New York court overseeing insolvency of Bermuda hedge fund Fletcher International

New York, rather than Bermuda, is a more convenient jurisdiction to liquidate Bermuda-domiciled master hedge fund Fletcher International, Ltd. - but only if its "pre-petition operating team" is removed. That is the stance of the offshore liquidators of one of three Cayman Islands-domiciled feeder funds that are involved in litigation with the Fletcher Fund Group in Cayman, Bermuda and New York.

Offshore hedge fund liquidators accuse NY-based Fletcher Asset Management of impeding investigation into ‘suspicious’ activity

A hedge fund group operated by New York-based Fletcher Asset Management that claims to manage $550 million in Bermuda, Bahamas, Cayman Islands and Delaware has been accused of impeding an investigation into its affairs by offshore liquidators, who have also raised concerns about allegedly related entities in the British Virgin Islands and the Channel Islands.