Tuesday, July 3, 2007

Archeus hedge fund sues GlobeOp over fund's demise

(Reuters) - The suit could dampen investor enthusiasm for GlobeOp's
pending initial public offering. GlobeOp disclosed June 15 that
it plans to raise 52 million pounds in a listing
on the London Stock Exchange.




"GlobeOp acted with reckless indifference to the rights of
Archeus, the Animi Funds and their investors in a manner that
smacked of intentional wrongdoing," Archeus said in its
lawsuit.


Read more at Reuters.com Mergers News

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