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SILVERSTEIN EX REL. TETRAGON FINANCIAL v. KNIEF

No. 11 Civ. 4776 (JSR).

843 F.Supp.2d 441 (2012)

Daniel K. SILVERSTEIN, Derivatively on Behalf of TETRAGON FINANCIAL GROUP LTD., v. Byron KNIEF, Rupert Dorey, David Jeffreys, Lee Olesky, Greville V.B. Ward, Patrick Dear, Reade Griffith, Alexander Jackson, Jeff Herlyn, Michael Rosenberg, David Wishnow, Tetragon Financial Management LP, and Polygon Investment Partners LLP, Defendants, and Tetragon Financial Group Ltd., a Guernsey corporation, Nominal Defendant.

United States District Court, S.D. New York.

February 14, 2012.

Attorney(s) appearing for the Case

Samuel Howard Rudman, Robert M. Rothman, Robbins Geller Rudman & Dowd LLP, Melville, NY, Christopher P. Seefer, S. Ashar Ahmed, Robbins Geller Rudman & Dowd LLP, San Francisco, CA, Darren J. Robbins, Mark Solomon, Robbins Geller Rudman & Dowd LLP, San Diego, CA, Marc S. Henzel, Law Offices of Marc S. Henzel, Merion Station, PA, for Plaintiff.

Michael Joseph Chepiga, Joseph Michael McLaughlin, Joshua Daniel Kiman, Sara Ann Ricciardi, Simpson Thacher & Bartlett LLP, New York, NY, for Defendants.

MEMORANDUM ORDER

JED S. RAKOFF, District Judge.

Plaintiff Daniel Silverstein brings this putative derivative action on behalf of Tetragon Financial Group Ltd. ("TFG" or the "Fund") against TFG's principals and directors, its investment manager, Tetragon Financial Management LP ("TFM" or the "Investment Manager") and Polygon Investment Partners LLP. The suit concerns $205 million in performance fees awarded...

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