Tetragon Disbursement Fight Must Be Arbitrated, Court Hears

Law360 (August 8, 2019, 10:41 PM EDT) -- Stakeholders in a Tetragon Financial Management hedge fund group targeted in litigation over millions of dollars in distributions told a New York federal court on Wednesday that the dispute must be arbitrated.

The defendants, which include the Cayman Islands-incorporated Polygon Credit Holdings Ltd. and two U.K. businessmen, told the court that the litigation filed by former Tetragon Fund board member Alexander E. Jackson over more than $6.5 million in allegedly withheld incentive fees falls under an arbitration clause contained in an underlying agreement.

The dispute focuses on an incentive fee reimbursement plan adopted by Tetragon Financial Management LP — the investment manager...

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