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Thickening web of litigation around Lauer

June 01, 2003  



Investors in Michael Lauer's $1 billion hedge fund group remain in limbo in the midst of a thickening web of litigation around Lancer Partners.

Morgan Stanley and other investors are currently trying to pull a cumulative $360 million from Lancer's portfolio as they try to oust Lauer as trustee for the U.S. fund in a bankruptcy court in Bridgeport, Conn. The offshore BVI-based portfolio is...

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