News & Resources

Fleming Leads Olshan Team on Hedge Fund Victory

February 17, 2010

Hedge Fund Law Report (subscription required) ran an article on Olshan’s victory for Accipiter Life Sciences funds, Accipiter's management company and one of its principals. Aris sued Accipiter for negligence, breach of contract, breach of fiduciary duty and injunctive relief. The New York Supreme Court dismissed all claims and relied on the terms of the partnership agreement which included exculpation for actions not in violation of law or grossly negligent and held that management’s actions were protected.

Thomas J. Fleming, Herbert C. Ross, Kenneth M. Silverman and Peter M. Sartorius represented Accipiter in this matter.