Meredith Whitney Says Lawsuit Is an Attempt to Destroy Her Fund
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Meredith Whitney called billionaire Michael Platt’s efforts to withdraw his company’s investment from her hedge fund a “blatant attempt” to dissolve the operation in violation of an agreement between them.
Platt’s BlueCrest Capital Opportunities Ltd., the biggest investor in Whitney’s hedge fund, sued her in Bermuda in December, saying she refused an October request to return its investment, now worth $46 million. BlueCrest filed a new suit in New York state court last week with the same claim and said it would drop the Bermuda case.