LPCH Team Represents Hedge Fund Manager J. Kyle Bass in UDF Lawsuit
Michael K. Hurst, David Coale, and Chisara Ezie-Boncoeur currently represent J. Kyle Bass, a hedge fund manager at Hayman Capital Management. Bass and Hayman are accused of improperly profiting from an alleged systematic false information campaign about a Grapevine residential lender, United Development Funding (UDF). The most detailed filing to date was recently released and demonstrates that the information Bass published was true and that Bass and his firm, Hayman, were ethically obliged to publish it.
“Once Hayman learned the financial irregularities of the plaintiffs and their potentially fraudulent conduct, Hayman believed that it had an obligation to share the conclusions it derived from the UDF related research,” Bass said in an affidavit provided in support of a motion to dismiss the suit under the Texas anti-SLAPP statute. In Bass’s affidavit, he disclosed new information related to his hedge fund’s role in alerting both the SEC and the FBI about UDF’s alleged shady financial activity.
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