Judgment · jid 5162 · pdb #3512
FIA Leveraged Fund v Firefighters’ Retirement System, New Orleans Firefighters’ Pension and Relief Fund, Municipal Employees’ Retirement System of Louisiana - Judgment
Civ App 0006/2012 · 2012-08-01
Validity of in‑kind redemption; whether FILBCI shares were permissible in‑specie payment; timing of redemption obligations; whether asset existed in fund portfolio at relevant date; directors’ valuation duties and rationality; inability to satisfy debts; interpretation of redemption provisions; effect of reverse stock split on asset valuation; inability to rely on post‑facto valuations; winding‑up under Companies Law s.92(d) and (e); absence of genuine dispute of indebtedness
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20 May 2026
CURRENT
12-08-01-Fia-Leveraged-Fund-and-Firefighters-Retirement-System.pdf
612.51 KB · md5 8b1dadff67d094663e353f7ee65a8428
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Full metadata
| Cause Number | Civ App 0006/2012 |
|---|---|
| Court | CICA (Civ) |
| Judge | Chadwick P, Conteh JA, Mottley JA |
| Parties | FIA Leveraged Fund v Firefighters’ Retirement System, New Orleans Firefighters’ Pension and Relief Fund, Municipal Employees’ Retirement System of Louisiana - Judgment |
| Judgment Date | 2012-08-01 |
| Subject | Validity of in‑kind redemption; whether FILBCI shares were permissible in‑specie payment; timing of redemption obligations; whether asset existed in fund portfolio at relevant date; directors’ valuation duties and rationality; inability to satisfy debts; interpretation of redemption provisions; effect of reverse stock split on asset valuation; inability to rely on post‑facto valuations; winding‑up under Companies Law s.92(d) and (e); absence of genuine dispute of indebtedness |
| Filename (current) | 12-08-01-Fia-Leveraged-Fund-and-Firefighters-Retirement-System.pdf |
| File MD5 | 8b1dadff67d094663e353f7ee65a8428 |
| Source pipeline | pdb |
| PDB record ID | 3512 |
| PDB URL | https://judicial.ky/n0c-storage/judgments-repository2/12-08-01-Fia-Leveraged-Fund-and-Firefighters-Retirement-System.pdf |