UDF Drops Frivolous Claims – And Charade of Blaming Kyle Bass and Hayman Capital for UDF’s Ponzi Scheme

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By JOHN F. BANZHAF. Originally published at ValueWalk.

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“Plaintiffs [UDF] sued Defendants [Hayman Capital and Kyle Bass] for business disparagement, tortious interference with contract, tortious interference with business relations and civil conspiracy.  Plaintiffs hereby nonsuit all of Plaintiffs’ claims against Defendants.”

UNITED DEVELOPMENT FUNDING,

L.P., A DELAWARE LIMITED

PARTNERSHIP, et al.,

Plaintiffs,

v.

J. KYLE BASS, et al.,

Defendants.

IN THE COUNTY COURT

AT LAW NO. 3

DALLAS COUNTY, TEXAS


Q1 2022 hedge fund letters, conferences and more

Plaintiffs’ Notice Of Nonsuit

Plaintiffs United Development Funding, L.P., United Development Funding II, L.P., United Development Funding III, L.P, United Development Funding IV, United Development Funding Income Fund V, United Mortgage Trust, United Development Funding Land Opportunity Fund, L.P., and United Development Funding Land Opportunity Fund Investors, L.L.C., (collectively referred to as “Plaintiffs” or “UDF”) give written notice of their nonsuit on all claims against Defendants J. Kyle Bass, Hayman Capital Management, L.P., Hayman Offshore Management, Inc., Hayman Capital Master Fund, L.P., Hayman Capital Partners, L.P., Hayman Capital Offshore Partners, LP and Hayman Investments, LLC (collectively “Defendants” or “Hayman”).

Plaintiffs sued Defendants for business disparagement, tortious interference with contract, tortious interference with business relations and civil conspiracy. Plaintiffs hereby nonsuit all of Plaintiffs’ claims against Defendants with prejudice and request that the Court enter an order dismissing all such claims with prejudice, each party to bear its own costs and attorneys’ fees.

Date: May 27, 2022

Respectfully submitted,

/s/ Linda Stahl

E. Leon Carter

Texas Bar No. 03914300

lcarter@carterarnett.com

Linda R. Stahl

Texas Bar No. 00798525

lstahl@carterarnett.com

Joshua J. Bennett

Texas Bar No. 24059444

jbennett@carterarnett.com

Courtney Barksdale Perez

Texas Bar No. 24061135

cperez@carterarnett.com

CARTER ARNETT PLLC

8150 N. Central Expressway,

Suite 500

Dallas, Texas 75206

Telephone: (214) 550-8188

Facsimile: (214) 550-8185

Attorneys For Plaintiffs

Read the filing here.

Updated on

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