Wyly faces court battle with former partner

Sun Jun 1, 2003

Texas billionaire Sam Wyly - the man who famously seeded Lee Ainslie at Maverick - has found himself embroiled in a court case with his business partners and co-chairman of Ranger, a relatively new multi-product hedge fund business. Russel Glass is suing Wyly and his investment firm in a Delaware court for allegedly violating a joint-venture agreement.

Glass, a longtime business associate of billionaire Carl...

ISSN: 2151-1845 / CDC10004H

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