Michael Berger

Former hedge fund boss arrested in Austria after five years on the lam

July 12, 2007

Former offshore hedge fund manager Michael Berger, 35, who fled the United States more than five years ago while awaiting sentencing after pleading guilty to securities fraud in New York, was arrested in his native Austria on July 6.

Insider Talking: November 30, 2003

November 30, 2003

Deloitte & Touche has offered $32 million to settle a class action lawsuit filed on behalf of shareholders of the British Virgin Islands registered Manhattan Investment Fund who bought shares between October, 1995 and January, 2000. D&T's Bermuda office audited

Deloitte & Touche offers $32 m to settle hedge fund lawsuit

November 30, 2003

Deloitte & Touche has offered $32 million to settle a class action lawsuit filed on behalf of shareholders of the British Virgin Islands-registered Manhattan Investment Fund who bought shares between October, 1995 and January, 2000.

Cromer Finance Ltd. v. Kempe & Whittle Associates Ltd. et al.

September 18, 2001

Cromer Finance Ltd. vs. Kempe & Whittle Associates Ltd. et al. - Bermuda Supreme Court

Michael Berger awaits sentence after pleading guilty to securities fraud

December 31, 2000

Hedge fund manager Michael Berger, who lost approximately $400 million of investor money in the BVI-registered Manhattan Investment Fund, is due to be sentenced on March 16, 2001 after pleading guilty to one charge of securities fraud.

Bear Stearns accused of preferential treatment over failed BVI fund

March 31, 2000

Bear Stearns has been accused of tipping off privileged clients so that they could cash out of the BVI-registered Manhattan Investment Fund before it collapsed in January with losses of about $450 million. It has also been claimed that the broker exceeded "generally accepted margin limitations" in extending credit to the fund, thus contributing to the size of its losses.

More lawsuits following collapse of $500 million hedge fund

February 29, 2000

The barrage of litigation surrounding the collapse in January of BVI-registered Manhattan Investment Fund and the disappearance of nearly $500 million continued this month. Five lawsuits were filed at Bermuda Supreme Court during February to go along with the four that were filed at the same court the previous month and one in New York.

Flexor Multimanager Fund Limited v. The Bank of Bermuda Limited et al.

February 3, 2000

Flexor Multimanager Fund Limited vs. The Bank of Bermuda Limited et al. - Bermuda Supreme Court

Republic National Bank of New York (Suisse) S.A. v. The Bank of Bermuda Limited et al.

February 3, 2000

Republic National Bank of New York (Suisse) S.A. vs. The Bank of Bermuda Limited et al. - Bermuda Supreme Court

Lawsuits fly in Bermuda following collapse of $500 m hedge fund

January 31, 2000

Four lawsuits were filed at Bermuda Supreme Court in the last week of January following the collapse of the Manhattan Investment Fund Ltd., which was registered in the British Virgin Islands, managed in New York City and administered and audited in Bermuda.

Allen Essner v. The Bank of Bermuda Limited et al.

January 31, 2000

Allen Essner vs. The Bank of Bermuda Limited et al. - Bermuda Supreme Court

Boeckh Capital Company Limited v. The Bank of Bermuda Limited et al.

January 31, 2000

Boeckh Capital Company Limited vs. The Bank of Bermuda Limited et al. - Bermuda Supreme Court

Absolute Alpha Fund PCC Limited v. The Bank of Bermuda et al.

January 24, 2000

Absolute Alpha Fund PCC Limited vs. The Bank of Bermuda et al. - Bermuda Supreme Court