{"id":23490,"date":"2011-07-12T10:08:31","date_gmt":"2011-07-12T14:08:31","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=23490"},"modified":"2011-07-12T10:08:31","modified_gmt":"2011-07-12T14:08:31","slug":"dodgers-paid-jpmorgan-owned-hedgie-undisclosed-fee","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2011\/dodgers-paid-jpmorgan-owned-hedgie-undisclosed-fee.html","title":{"rendered":"Dodgers Paid JPMorgan-Owned Hedgie Undisclosed Fee"},"content":{"rendered":"<p>Barron&#8217;s &#8211; Major League Baseball is now demanding the right to question Highbridge Principal Strategies, which has floated a $150 million loan to Dodgers owner\u00a0Frank McCourt to keep the team afloat through bankruptcy proceedings.\u00a0The hedgie is owned by\u00a0J.P. Morgan. MLB is contending that the hedge fund has collected a \u2018surreptitious\u2019 $5.25 million fee that the lender and the team\u2019s owner have intentionally withheld from the court.<\/p>\n<p>\u201cIt is our understanding that the undisclosed fee was provided for in a side fee letter between Highbridge and the [team] that has not been filed with the Court or made part of the record in any fashion,\u201d MLB attorneys said in a memo filed Friday with the U.S. Bankruptcy Court in Wilmington, Del., and reported by Dow Jones Daily Bankruptcy Review today.<\/p>\n<p><a href=\"http:\/\/blogs.barrons.com\/focusonfunds\/2011\/07\/11\/mlb-demands-to-question-jpmorgan-owned-hedgie-about-5-million-fee\/?mod=BOLBlog\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barron&#8217;s &#8211; Major League Baseball is now demanding the right to question Highbridge Principal Strategies, which has floated a $150 million loan to Dodgers owner\u00a0Frank McCourt to keep the team afloat through bankruptcy proceedings.\u00a0The hedgie is owned by\u00a0J.P. Morgan. MLB [&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-23490","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23490","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=23490"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23490\/revisions"}],"predecessor-version":[{"id":23492,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23490\/revisions\/23492"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=23490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=23490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=23490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}