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OCT 25, 2013 - Huffington Post

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Barclays May Fight $297 Million Fine In Hedge Fund Dispute

By Joseph Ax NEW YORK/LONDON, Oct 25 (Reuters) - British bank Barclays Plc breached a derivative agreement with a Black Diamond Capital Management unit and must return an estimated $297 million in collateral to the hedge fund, a divided New York state appeals court ruled on Thursday. Barclays said on Friday it disagreed with the decision and was considering an appeal against it. The Connecticut-based fund's BDC Finance LLC filed a lawsuit against Barclays in 2008, claiming it had defaulted on a $40 million collateral call made at the height ... Read More

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