Former Acis partner Josh Terry suggests the firm is bankrupt
The long-running legal battle between Acis Capital Management and former partner Josh Terry continues, with Terry now suggesting Acis is bankrupt and filing as a creditor with a Texas court

Reprieved: US CLO managers are not subject to risk retention, court rules
The LSTA has prevailed in its lawsuit against the SEC and the Federal Reserve board, with an appeals court ruling that CLO managers are not subject to credit risk retention laws under the Dodd-Frank Act

Bill Barr steps down from Och-Ziff board as firm's new CEO is named
Och-Ziff has named a new chief executive officer to succeed Dan Och, with the firm announcing today that former Credit Suisse executive Robert Shafir will step into the position

Former Acis partner Josh Terry accuses firm of fraudulent transfers
A Dallas court has once again ruled in favour of former Acis Capital Management partner Josh Terry in his long-running dispute with the asset management firm –and now, Terry has accused Acis of plotting to change managers on its CLO to avoid paying him an $8 million award

Direct lending firm and former MD square off in alleged computer hacking row
A co-founder of a New York direct lending hedge fund firm has accused the company of hacking into his personal computer network, according to court documents seen by Creditflux

Goldman stymies pension funds’ fraud class action move in Abacus CDO case
A US Appeals Court in New York has ruled that a shareholder lawsuit accusing Goldman Sachs of fraud cannot proceed as a class action

Former Och-Ziff executive Cohen faces criminal fraud charges
A former Och-Ziff Capital Management executive is facing criminal fraud charges relating to the firm’s hedge fund activities in Africa, according to an indictment that was made public last week

Court confirms $8 million ruling in favour of former Acis partner Josh Terry
A Dallas court has ruled in favour of former Acis Capital Management partner Josh Terry in his long-running dispute with the asset management company, according to court documents seen by Creditflux    

Ex-Millennium credit chief to start new hedge fund following Englander dispute
Former Millennium Management credit chief Michael Gelband will start a long-anticipated hedge fund known as ExodusPoint Capital Management, in the next six months, according to a Bloomberg report

Direct lender founder Isaly stepped down following sex harassment allegations: report
OrbiMed’s founder Samuel Isaly stepped down from his role at the healthcare-focused firm following sexual harassment claims against him, according to claims reported by Stat News

Acis's legal battle with former partner takes new turn
The legal battle between Josh Terry and Highland affiliate Acis Capital Management shows no sign of slowing down, with Terry – a former partner in Acis, who co-founded the firm in 2011 --issuing a fresh legal motion in the case

Zohar CLO investors were not misled, SEC court rules
The SEC’s own administrative proceedings court yesterday threw out charges against Lynn Tilton and her firm Patriarch Partners

New York judge quashes hedge fund's lawsuit against Muirfield
A hedge fund manager has had its lawsuit against one of its investors, Muirfield Capital Management, dismissed by a supreme court judge in New York