This document is an opening statement for a legal case involving FTC/Jeepers and the Zwirn Fund, primarily concerning a breach of contract. The case revolves around a 2005 Letter Agreement that allowed FTC to withdraw its 'Capital Account' by March 31, 2007, provided notice was given by December 1, 2006. FTC initially requested a withdrawal of $133 million, later reduced to $80 million after discussions with Dan Zwirn and Glenn Dubin. The fund failed to honor this request, leading to a legal dispute. The statement argues that the contract language is clear and unambiguous, and that the fund's conduct led FTC to delay its full withdrawal request. The document also discusses the implications of Delaware law on contract interpretation and the fund's management practices.
documents/EFTA00587012.pdf
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