UDF Drops Frivolous Claims – And Charade Of Blaming Kyle Bass And Hayman Capital For UDF’s Ponzi Scheme

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“Plaintiffs [UDF] sued Defendants [Hayman Capital and Kyle Bass] for business disparagement, tortious interference with contract, tortious interference with business relations and civil conspiracy.  Plaintiffs hereby nonsuit all of Plaintiffs’ claims against Defendants.”

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UNITED DEVELOPMENT FUNDING,

L.P., A DELAWARE LIMITED

Melvin Capital Decides To Return Capital After Deep Losses

fund raising 1648061829Only a few weeks after news leaked that Melvin Capital was looking to restructure its funds, the struggling firm has announced that it would be winding down after a string of severe losses. According to the letter seen by the Financial Times and Bloomberg, Gabe Plotkin, the New York-based hedge fund’s founder, told clients that Read More

PARTNERSHIP, et al.,

Plaintiffs,

v.

J. KYLE BASS, et al.,

Defendants.

IN THE COUNTY COURT

AT LAW NO. 3

DALLAS COUNTY, TEXAS

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Plaintiffs’ Notice Of Nonsuit

Plaintiffs United Development Funding, L.P., United Development Funding II, L.P., United Development Funding III, L.P, United Development Funding IV, United Development Funding Income Fund V, United Mortgage Trust, United Development Funding Land Opportunity Fund, L.P., and United Development Funding Land Opportunity Fund Investors, L.L.C.,…

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