• 28 Feb 2011 at 5:10 PM

Hedge Fund Manager/Big Short Character Sues Michael Lewis, Steve Eisman For Making Him Look Like A Guy Investors Might Want To Think Twice About

By Bess Levin

Wing Chau, a manager of collateralized debt obligations, according to a complaint filed Feb. 25 in Manhattan federal court, claims the book unfairly casts him as one of the “villains” responsible for the 2008 financial collapse. The book “depicts Mr. Chau as someone who ignored his professional responsibilities, made misrepresentations to investors, charged money for work that was not performed, had no stake in the CDOs he managed, was incompetent or reckless in carrying out his responsibilities, and violated his fiduciary duties by putting the interests of ‘Wall Street bond trading desks’ above those of his investors,” according to the complaint…Steve Eisman is described in the complaint as “one of the principal sources Lewis relied on in writing ‘The Big Short.’” [Bloomberg]

Comments (13)

  1. 1
    Posted by CoveredLong | February 28, 2011 at 10:39 PM

    “…depicts Mr. Chau as someone who ignored his professional responsibilities, made misrepresentations to investors, charged money for work that was not performed, had no stake in the CDOs he managed, was incompetent or reckless in carrying out his responsibilities, and violated his fiduciary duties…”

    Will I actually have to show up to the dismissal hearing? Other than that, no concerns.

    -M. Lewis

  2. 2
    Posted by Anonymous | February 28, 2011 at 10:44 PM

    http://www.youtube.com/watch?v=BoXu6QmxpJE

  3. 3
    Posted by Anonymous | February 28, 2011 at 10:44 PM

    http://www.youtube.com/watch?v=BoXu6QmxpJE

  4. 4
    Posted by JBEV | February 28, 2011 at 10:47 PM

    Good Luck In The Spring Fitzwater!

  5. 5
    Posted by JBEV | February 28, 2011 at 10:47 PM

    Good Luck In The Spring Fitzwater!

  6. 6
    Posted by Anonymous | February 28, 2011 at 11:15 PM

    All this while Burry still can’t understand why a quarter of the book was about his anti social disorder.

  7. 7
    Posted by Puerile yet Lovable Asshole | March 1, 2011 at 12:03 AM

    Everybody have fun tonight. (Everybody Wing Chau tonight.)

  8. 8
    Posted by Guest | March 1, 2011 at 12:05 AM

    Projecting much, Wing-er?

  9. 9
    Posted by Poke the Liar | March 1, 2011 at 1:04 AM

    Amature villain at best.
    - Lewie Ranieri

  10. 10
    Posted by Short, But Long | March 1, 2011 at 1:57 AM

    Keep Your Mouth Shut

  11. 11
    Posted by Crawler | March 1, 2011 at 7:16 AM

    just wing it

  12. 12
    Posted by Ding_Bat | March 1, 2011 at 7:00 PM

    Da praintiff carls mr rewis to da stand

  13. 13
    Posted by IveGotABonus | March 2, 2011 at 3:31 PM

    sorry wing, with a name like that you’ll never make it anyway

    -ping

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