Farmers Say New York Financial Firm Knew Their Customer Would Declare Bankruptcy

A bankruptcy maneuver appears to have taken advantage of farmers. No, we’re not talking about the MF Global cover-up.
Texas farmers suing Scopia Capital Management
According to a FinAlternatives report, a group of Texas farmers is suing a New York hedge fund saying it defrauded them in a bankruptcy play.

The dispute is between farmers of “guar,” a highly profitable bean used in shale gas production and exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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