Ritchie Multi-Strategy asks court to dismiss involuntary Chapter 11 case

By Caroline Salls

Pittsburgh, Jan. 14 - Ritchie Multi-Strategy Global, LLC has asked the U.S. Bankruptcy Court for the Northern District of Illinois to dismiss the involuntary Chapter 11 case filed by some of the fund's investors, according to a Monday court filing.

The domestic hedge fund is also asking the court to order payment of case-related fees, costs and damages.

As previously reported, the involuntary Chapter 11 case was filed on Dec. 26 by investors Benchmark Plus Partners, LLC, Benchmark Plus Institutional Partners, LLC and Sterling Low Volatility Fund QP.

The petitioning creditors have also requested court approval to investigate allegations of mismanagement, self-dealing and fraud.

Ritchie Multi-Strategy is a Lisle, Ill.-based hedge fund. Its Chapter 11 case number is 07-24236.

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