Lazard Debt Recovery Fund

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Distressed debt fund dispute goes to Bermuda

A legal dispute in the United States between Lazard Freres and the former portfolio managers of a now-defunct offshore mutual fund has spilled over to Bermuda.Lazard Debt Recovery Fund Ltd., which is registered in Bermuda, filed a lawsuit against Michael A. Weinstock, of New Jersey, at Bermuda Supreme Court on August 21, 2002.