Lancer Offshore, suspends cash redemptions and sues New York Post

By David Marchant

22 years ago

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Keywords

Abraham Salaman Aura Systems, Inc. Banc of America Bruce Cowen Capital Research Ltd.

Christopher Byron Citco Group Conyers Equitel, Inc. James Kelly Joseph Giamanco Joseph Huard Jr. Lancer Offshore Lighthouse Fast Ferry, Inc. Media Marketing Corp. Method Products Corp. Michael Lauer Nephros, Inc. New York Post PricewaterhouseCoopers Robert White Robinson Silverman Pearce Total Film Group World Wireless Communications

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Lancer Offshore Inc., which is registered in the British Virgin Islands and listed on the Irish Stock Exchange, has brought a libel lawsuit against the New York Post – one month after notifying investors it was effectively suspending cash redemptions.
The libel action was filed at New York State Supreme Court on February 14, 2003 after the Post published three negative articles about the Fund, which purports to have assets valued at $1 billion, and/or its principal, Michael Lauer.

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