Law \ Legal

Hedge Fund Manager Wants To Know How He Can Be Guilty Of Violating Rules That Were Impossible To Understand

When it comes to the rules governing any kind of corporate vote, complication and opacity are usually in the company in question’s interest. And, on that front, one has to hand it to the folks at BakerHostetler, who ingeniously crafted a set so convoluted that even they couldn’t figure them out.

[Daniel] Small’s attorney Seth Levine told jurors that rules about which of Platinum’s bondholder affiliates could vote were so complicated that even the “high powered lawyers” at BakerHostetler and other firms who consulted on it did not see a problem at the time.

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