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buddy fletcher

That Time Buddy Fletcher Put Louisiana Pension Funds in the Movie Business

You may remember Alphonse “Buddy” Fletcher Jr. from the time he sued the Dakota’s co-op board after it prevented the litigious hedge fund manager from acquiring a fifth apartment in the iconic building; alternatively, you may know him from the time he sued then-employer Kidder Peabody for racial discrimination; or the time his wife Ellen Pao sued venture capital firm Kleiner Perkins for gender discrimination. Alternatively, you may know him from his pledge to donate $50 million to work that improves race relations, though that’s even further from the matter at hand.

More to the point, Mr. Fletcher is a) the brother of Academy Award-winning screenwriter Geoffrey S. Fletcher (Precious) and b) engaged in a legal dispute with Louisiana pension funds over the liquidation of certain Cayman Islands-based funds. The pension funds sued to recover assets, Mr. Fletcher filed Chapter 11 in New York to prevent Cayman liquidators from unwinding the funds, bringing us at last to this interesting tidbit uncovered today by The Wall Street Journal: Read More