Basis Faces Next ‘Race To The Courthouse’

Basis Yield Alpha Fund has filed a petition for a temporary restraining order to temporarily stop seizure of its assets by U.S creditors while it liquidates in the Cayman Islands, where it is incorporated.

  • 30 Aug 2007

--Cathy Cunningham

Basis Yield Alpha Fund,which filed forbankruptcy protection under Chapter 15 Wednesday, has filed a petition for a temporary restraining order to temporarily stop seizure of its assets by U.S creditors while it liquidates in the Cayman Islands, where it is incorporated. Like Bear Stearns, Basis ...

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3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

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