Behind The Scenes At UDF / Hayman Capital Battle

As Hayman Capital’s Kyle Bass basks in the afterglow of the Securities & Exchange Commission’s settlement with United Development Funding (UDF) over fraud charges — he was short the exchange trade Real Estate Investment Trust (REIT) — the question is not if the next shoe is going to drop, but when. [timeless] Q2 hedge fund letters, conference, scoops etc Bass and Greenlaw could drop the gloves in court Investors can be assured there will be another shoe to drop. At a minimum, Hayman Capital’s leader Bass and UDF’s CEO Hollis Greenlaw will face-off in court, where UDF has alleged defamation…