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BlueCrest Capital Ends Suit Against Meredith Whitney’s Firm

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The top investor in Meredith Whitney’s hedge fund dropped a lawsuit that sought to force her firm to return its $50 million stake in the American Revival Fund.

Billionaire Michael Platt’s BlueCrest Capital Ltd. and Whitney’s Kenbelle Capital LP resolved all the claims related to the lawsuit, which was filed in New York state court in Manhattan in February, according to a filing dated June 1. Terms weren’t disclosed.