Meredith Whitney, Investor Who Sued Her To Get Money Back Her Are Friends Again

Whitney and Michael Platt have buried the hatchet, despite the "crude" way he "shocked" her with a redemption request.
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So that's nice for them.

Billionaire Michael Platt’s BlueCrest Capital Ltd. and Whitney’s Kenbelle Capital LP resolved all the claims related to the lawsuit, which was filed in New York state court in Manhattan in February, according to a filing dated June 1. Terms weren’t disclosed. The dispute reflected a rift that developed after Platt helped Whitney, one of Wall Street’s most famous analysts, start Kenbelle in 2013. According to BlueCrest’s suit, Whitney refused to honor a request made in October to return its investment, which had dropped to about $46 million...BlueCrest initially was able to persuade a New York state judge to block Whitney’s payments to investors while the suit was pending. The judge lifted the ban two days later, saying that Platt’s firm acknowledged it could afford to lose its stake and that ordering the repayment would shutter Kenbelle.

BlueCrest Capital Ends Suit Against Meredith Whitney’s Firm [Bloomberg]

Earlier: Meredith Whitney Thinks BlueCrest Could’ve Been Nicer About The Whole $46 Million Redemption Request, Suing Her Ass Business

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