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Ritchie Multi-Strategy hearing on dismissal of Chapter 11 case continued to March 12
By Jennifer Lanning Drey
Portland, Ore., Feb. 26 - The hearing on Ritchie Multi-Strategy Global Inc.'s motion to dismiss the involuntary Chapter 11 case filed against the fund by some of its investors will continue on March 12, according to a source familiar with the case.
The hearing began Tuesday at the U.S. Bankruptcy Court for the Northern District of Illinois.
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 investors filed a Feb. 5 objection to Ritchie's motion to dismiss the case, saying that the request is based on the fund's claim that the investors are not creditors, an allegation the petitioners called "demonstrably false."
Ritchie Multi-Strategy is a Lisle, Ill.-based hedge fund. Its Chapter 11 case number is 07-24236.
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