{"id":28107,"date":"2012-03-22T11:38:46","date_gmt":"2012-03-22T15:38:46","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=28107"},"modified":"2012-03-22T13:11:22","modified_gmt":"2012-03-22T17:11:22","slug":"arcapita-bankruptcy-was-forced-by-hedge-funds-lawyer-says","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2012\/arcapita-bankruptcy-was-forced-by-hedge-funds-lawyer-says.html","title":{"rendered":"Arcapita Bankruptcy Was Forced by Hedge Funds, Lawyer Says"},"content":{"rendered":"<p>BusinessWeek &#8211; Arcapita Bank BSC, a manager of Islamic-compliant investments with $7 billion under management, was forced into bankruptcy by hedge funds that sought to be repaid in full, a lawyer for Arcapita said.<\/p>\n<p>Restructuring talks on the company&#8217;s $1.1 billion loan due in March &#8220;were derailed when several hedge funds who bought that debt on the secondary market at a discount threatened an involuntary bankruptcy if they didn&#8217;t receive par&#8221; on their investments, attorney Michael Rosenthal told U.S. Bankruptcy Judge Sean Lane in Manhattan today. One of the hedge funds is Euroville Sarl, he said.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2012-03-21\/arcapita-bankruptcy-was-forced-by-hedge-funds-lawyer-says\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BusinessWeek &#8211; Arcapita Bank BSC, a manager of Islamic-compliant investments with $7 billion under management, was forced into bankruptcy by hedge funds that sought to be repaid in full, a lawyer for Arcapita said. Restructuring talks on the company&#8217;s $1.1 [&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-28107","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/28107","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=28107"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/28107\/revisions"}],"predecessor-version":[{"id":28118,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/28107\/revisions\/28118"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=28107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=28107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=28107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}