New York Court Rules in Favor of Olshan Client Accipiter Capital

Bloomberg BNA Securities Law Daily reported that the New York State Supreme Court, Commercial Division, ruled in favor of Olshan clients, including Accipiter Capital Management, LLC, stating that a lack of damages and the Delaware business judgment rule blocked an investor's claims of grossly negligent management of her hedge fund interests. Partner Kyle Bisceglie represented Accipiter Capital and its co-defendants in this action. The full opinion can be read here.