{"id":22795,"date":"2011-06-01T07:10:05","date_gmt":"2011-06-01T11:10:05","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=22795"},"modified":"2011-06-01T07:10:05","modified_gmt":"2011-06-01T11:10:05","slug":"harbinger-capital-says-u-k-wrong-northern-rock-shares-worth-531-million","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2011\/harbinger-capital-says-u-k-wrong-northern-rock-shares-worth-531-million.html","title":{"rendered":"Harbinger Capital Says U.K. Wrong, Northern Rock Shares Worth $531 Million"},"content":{"rendered":"<p>Bloomberg &#8211; Harbinger Capital Partners, the hedge fund run by billionaire\u00a0Philip Falcone, said holders of Northern Rock Asset Management Plc\u2019s preferred shares should be paid 322.5 million pounds ($530 million).<\/p>\n<p>The fund owns a \u201csubstantial\u201d amount of the shares and asked a\u00a0London court today to reject the determination from a valuation expert appointed by the British government, which now owns the bank, that the shares are worthless.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2011-05-31\/harbinger-capital-says-u-k-wrong-northern-rock-shares-worth-531-million.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Harbinger Capital Partners, the hedge fund run by billionaire\u00a0Philip Falcone, said holders of Northern Rock Asset Management Plc\u2019s preferred shares should be paid 322.5 million pounds ($530 million). The fund owns a \u201csubstantial\u201d amount of the shares and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22795","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22795","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=22795"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22795\/revisions"}],"predecessor-version":[{"id":22796,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/22795\/revisions\/22796"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=22795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=22795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=22795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}