Hermitage Capital

Winding Up Petition in CTS Hermitage Healthcare Fund LP v. China Medonline Inc. at the Grand Court of the Cayman Islands.

A deep rift has developed between the SEC's Receiver of the failed Lancer hedge fund group and the majority of its investors. The group of investors, who claim to have invested more than $570 million in Lancer Offshore Inc. and The OmniFund Ltd., have accused Marty Steinberg of "antagonism" and a lack of co-operation.