A filing of a class action complaint does not automatically translate into a jury trial, which the Ohio-based Manbro Energy Corporation is demanding. The hedge fund’s only significant investment at the time of dissolution was HPL shares, according to Manbro’s complaint that has been reviewed by The Telegraph. The complaint said the redemption price was based on HPL shares of Rs 10, which reresented the cost of the fund’s investment in HPL shares in the 1990s. The complaint says HPL, where Chatterjee is the chairman, had gone on to make record profits in 2017. The complaint went on to say: “This (HPL) was an investment that had appreciated significantly since the initial investment two decades earlier.

Source: The Telegraph May 29, 2020 22:30 UTC