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 withdrawal. The statement argues that the contract language is clear and supports FTC's claim, while the Zwirn Fund's interpretation is unfounded. 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 the alleged withdrawal of $80 million and FTC's $133 million claim, arguing that the Fund's failure to disclose issues with Perry Gruss earlier in 2006 prevented FTC from withdrawing more funds.
documents/EFTA01127042.pdf
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