{"id":30579,"date":"2012-08-08T06:25:05","date_gmt":"2012-08-08T10:25:05","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=30579"},"modified":"2012-08-08T06:25:05","modified_gmt":"2012-08-08T10:25:05","slug":"hedge-fund-fight-over-madoff-claims-shows-contract-woes","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2012\/hedge-fund-fight-over-madoff-claims-shows-contract-woes.html","title":{"rendered":"Hedge Fund Fight Over Madoff Claims Shows Contract Woes"},"content":{"rendered":"<p>BusinessWeek &#8211; Hedge funds Perry Capital LLC and Solus Alternative Asset Management LP are fighting over whether they had a contract when they agreed to trade $195 million of claims on Bernard Madoff\u2019s bankrupt firm, amid rising prices on the claims.<\/p>\n<p>Solus sued Perry July 3 for $20 million after the trade fell apart, saying they had a legally enforceable deal, sealed by phone and \u201cinstant messages\u201d on Bloomberg LP terminals. Perry denied there was a deal, \u201clet alone one that can be enforced in court.\u201d<\/p>\n<p><strong><a href=\"http:\/\/www.businessweek.com\/news\/2012-08-08\/hedge-fund-fight-over-madoff-claims-shows-contract-woes\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BusinessWeek &#8211; Hedge funds Perry Capital LLC and Solus Alternative Asset Management LP are fighting over whether they had a contract when they agreed to trade $195 million of claims on Bernard Madoff\u2019s bankrupt firm, amid rising prices on the [&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-30579","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30579","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=30579"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30579\/revisions"}],"predecessor-version":[{"id":30580,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/30579\/revisions\/30580"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=30579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=30579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=30579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}