February 27, 2021

D.E. Shaw seeks $71 Million in China School Operator dispute

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By Benjamin Robertson From Bloomberg Quint

(Bloomberg) — Hedge fund giant D.E. Shaw & Co. is demanding more than $71 million from a Chinese school operator it invested in that failed to sell shares to the public as promised, according to a recent lawsuit. New York-based D.E. Shaw, which manages more than $55 billion, said it spent $20 million in 2013 to acquire preferred shares in Ledudu Education, a private company that operates schools 

For more on this story go to: https://www.bloombergquint.com/markets/d-e-shaw-seeks-71-million-in-claim-over-stake-in-china-schools
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