(Reuters) - The suit alleging breach of fiduciary duty was filed in
2006 against advisor Hennessee Group by South Cherry Street
LLC, which invested $1.15 million into Bayou in 2003-2004 on
Hennessee's recommendation.
Bayou, which once managed over $400 million, collapsed in
2005 after the discovery of multiple frauds by its managers led
by Sam Israel III and Daniel Marino, both of whom later pleaded
guilty to various charges and await sentencing.
Read more at Reuters.com Mergers News
2006 against advisor Hennessee Group by South Cherry Street
LLC, which invested $1.15 million into Bayou in 2003-2004 on
Hennessee's recommendation.
Bayou, which once managed over $400 million, collapsed in
2005 after the discovery of multiple frauds by its managers led
by Sam Israel III and Daniel Marino, both of whom later pleaded
guilty to various charges and await sentencing.
Read more at Reuters.com Mergers News
No comments:
Post a Comment