Judgment
FIA Leveraged Fund v Firefighters’ Retirement System, New Orleans Firefighters’ Pension and Relief Fund, Municipal Employees’ Retirement System of Louisiana - Judgment
Civ App 0006/2012 · 2012-08-01
Validity of in‑kind redemption; whether FILBCI shares were permissible in‑specie payment; timing of redemption obligations; whether asset existed in fund portfolio at relevant date; directors’ valuation duties and rationality; inability to satisfy debts; interpretation of redemption provisions; effect of reverse stock split on asset valuation; inability to rely on post‑facto valuations; winding‑up under Companies Law s.92(d) and (e); absence of genuine dispute of indebtedness
Full metadata
| Cause Number | Civ App 0006/2012 |
|---|---|
| Court | CICA (Civ) |
| Judge | Chadwick P, Conteh JA, Mottley JA |
| Parties | FIA Leveraged Fund v Firefighters’ Retirement System, New Orleans Firefighters’ Pension and Relief Fund, Municipal Employees’ Retirement System of Louisiana - Judgment |
| Judgment Date | 2012-08-01 |
| Subject | Validity of in‑kind redemption; whether FILBCI shares were permissible in‑specie payment; timing of redemption obligations; whether asset existed in fund portfolio at relevant date; directors’ valuation duties and rationality; inability to satisfy debts; interpretation of redemption provisions; effect of reverse stock split on asset valuation; inability to rely on post‑facto valuations; winding‑up under Companies Law s.92(d) and (e); absence of genuine dispute of indebtedness |
| Filename (current) | 12-08-01-Fia-Leveraged-Fund-and-Firefighters-Retirement-System.pdf |