Kellner Catalyst Fund LP accused another hedge fund of refusing to make payouts pending resolution of claims that a romantic affair by its manager compromised their investment in a tribal payday loan operation.
Kellner and Signal Light LLC formed Hvmken LP in 2015 to invest in a business run by the Habematolel Pomo of Upper Lake, an American Indian tribe in California, making “unsecured small-dollar high-rate installment loans” online, according to the lawsuit. Kellner and its founder-CEO George Kellner filed the complaint against Hvmpken in Delaware Chancery Court.
The Habematolel Pomo tribe previously faced an enforcement suit by the Consumer ...
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