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Simpson Thacher Obtains Dismissal of Claims Against the Independent Directors of the Board of Tetragon Financial Group, Ltd.

08.11.14

On August 7, 2014, Judge Richard J. Sullivan of the U.S. District Court for the Southern District of New York issued an Opinion and Order dismissing with prejudice all claims asserted in a shareholder derivative action against Firm clients, the four Independent Directors of the Board of Tetragon Financial Group, Ltd. (“TFG”) and other defendants, including claims under the Investment Advisers Act and state law.  TFG is a Guernsey closed-end investment company.

The Simpson Thacher team consisted of Joseph M. McLaughlin, Noah Leibowitz, Elizabeth Warnick, Daniel Shin and Randy Moonan.