Judge Orders Hedge Funds to Pay $513K for 'Global War'

, New York Law Journal

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A Manhattan bankruptcy judge has ordered three hedge funds to pay more than $513,000 in fees to private equity firm TPG after finding that the funds improperly filed an involuntary bankruptcy proceeding against two defunct TPG affiliates as part of a "global war" involving 11 other lawsuits across the United States and Europe.

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