{"id":10288,"date":"2009-04-07T00:00:00","date_gmt":"2009-04-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"greek-isles-enters-bankruptcy-owner-says-fault-lies-with-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2009\/greek-isles-enters-bankruptcy-owner-says-fault-lies-with-fund.html","title":{"rendered":"Greek Isles enters bankruptcy; owner says fault lies with fund"},"content":{"rendered":"<p>ReviewJournal.com &#8211; The majority owner of the Greek Isles blamed &quot;greedy hedge-fund guys&quot; interested in wiping out the current owners&#8217; equity stake for pushing the property into Chapter 11 bankruptcy Monday.<\/p>\n<p><span class=\"story_main_body_font\">Harold Rothstein said the Greek Isles&#8217; creditors have already taken $14 million in fees and interest out of the property since the financial markets collapsed.<\/span> <\/p>\n<p><span class=\"story_main_body_font\">&quot;The ownership of the property was negotiating in good faith to reorganize and reposition the property,&quot; Rothstein said. &quot;Even though the plan that was presented (to the creditors) was a plausible plan, the New York hedge fund is still acting like it was two years ago. They&#8217;re trying to play the big, bad wolf.&quot;<\/span> <\/p>\n<p><strong><a target=\"_blank\" href=\"..\/news\/news_land.php?i=http:\/\/www.lvrj.com\/business\/42573807.html\">Read Complete Article<\/a><\/strong><\/p>\n<p><a target=\"_blank\" href=\"..\/news\/news_land.php?i=http:\/\/www.lvrj.com\/business\/42573807.html\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ReviewJournal.com &#8211; The majority owner of the Greek Isles blamed &quot;greedy hedge-fund guys&quot; interested in wiping out the current owners&#8217; equity stake for pushing the property into Chapter 11 bankruptcy Monday. Harold Rothstein said the Greek Isles&#8217; creditors have already [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[249,4513,2116,1644,9928,9927,967,6340],"class_list":["post-10288","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-asset-management","tag-forbes","tag-french-bank","tag-funds-managers","tag-pam","tag-sgam-alternative-investments","tag-socgen","tag-societe-generale"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10288"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10288\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}