Elliott Ends Fight Over Anglo Irish

Oct 15 2013 | 9:50am ET

Elliott Management has given up its effort to keep the former Anglo Irish Bank out of bankruptcy.

The hedge fund last week withdrew its objection after a federal bankruptcy court in Delaware denied its request for Irish government records related to the February decision to liquidate the bank, now called the Irish Banking Resolution Corp.

U.S. Bankruptcy Judge Christopher Sontchi said he was "not inclined, at least for now, to perform a forensic analysis of Ireland's legislative and executive departments."

Elliott has argued that Anglo Irish was solvent when the Irish parliament voted to put it into liquidation.

Sontchi will still hear arguments on blocking IBRC's bankruptcy filing due to a challenge from another Anglo Irish investor.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...