Walnut PlaceAccording to a Reuters article, that cites Bank of New York Mellon v. Walnut Place LLC et al.,[10] the Baupost Group is Walnut Place. Using a traditional hedge fund tool, legal challenges of distressed bond settlements, the Baupost Group is attempting to force Bank of America to increase its settlement of Reps & Warranties of countrywide sub-prime bonds. If the settlement were to be increased The Baupost group stands to make gains on bonds that they bought at very low values. It is unclear why the Baupost Group did not use their real name in the suit.
Natural Resource Extraction in Melancthon, Ontario, CanadaIn 2006 Baupost Group formed Highland Companies, a Nova Scotia-based corporation that began buying farmland in Melancthon Township, approximately 120 kilometres north of Toronto, Ontario, purportedly for the purpose of farming. Having amassed over 7,000 acres by early 2011, then being actively farmed by Highland Companies, the Company submitted an application for a 2,316 acre Amabel dolostone (limestone) mega-quarry. The application has seen heated opposition, as opponents raise concerns about groundwater contamination, local heritage, food security concerns, as well as a host of ancillary issues such as truck traffic congestion, highway safety, noise and dust pollution.[11] In November 2012, Highland Companies withdrew the application in response to that concerted community opposition.[12]
http://en.wikipedia.org/wiki/Baupost_Group
No comments:
Post a Comment