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