This document is an opening statement for a legal case involving FTC/Jeepers and the Zwirn Fund, focusing on a breach of contract claim. FTC claims it was entitled to withdraw $80 million from its Capital Account as per a 2005 Letter Agreement, but the Zwirn Fund did not honor this request. The statement argues that the contract language is clear and supports FTC's claim, while the Fund's interpretation is unreasonable. The document also discusses the extrinsic evidence and the Fund's management's belief in a tranche-by-tranche approach, which FTC disputes. Additionally, the statement addresses a $133 million claim and the Fund's alleged failure to disclose problems with Perry Gruss, which could have influenced FTC's withdrawal decisions.
documents/EFTA01149747.pdf
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