Lone Star Funds LP

  • Blogs

    May 27, 2009

    Ellis Short Goes Down Sunderland

    A Friend of Unfair Park wants to make sure we know that Ellis Short -- co-founder of Dallas-based Lone Star Funds, and a bigwig at locally based asset management company Kitano Capital -- is no longer partial owner of the Premier League's Sunderland club (otherwise known as The Black Cats). Nope -- ... More >>

  • Blogs

    February 1, 2008

    Lone Star Funds Now Owes Korean Government $27 Million and One Executive

    Lone Star Funds' chairman John Grayken ain't happy today. It doesn't appear Dallas-based Lone Star Funds will ever forget its trip to South Korea. Today a court there ruled that the Harwood Street-based investment firm, once the largest foreign investor in South Korea, owes $27 million in that case ... More >>

  • Blogs

    January 23, 2008

    Lone Star Funds' Boss Is More or Less a Hostage in South Korea

    Ah, here's that other photo of Lone Star Fund-er John Grayken. Maybe the head of Dallas-based Lone Star Funds should have requested offering his testimony via speaker phone in South Korea's case against Lone Star Funds, as John Grayken's short trip is quickly turning into a hostage situation. Last w ... More >>

  • Blogs

    January 16, 2008

    John Grayken's Trip to Korea Ain't Putting the "Fun" in Lone Star Funds

    Lone Star Funds' chairman John Grayken For damned near two years we've been mentioning, off and on, the mess into which Dallas-based Lone Star Funds got itself in South Korea -- long story short, it bought Korea Exchange Bank for cheaps, then tried to sell for big dough without paying taxes to the l ... More >>

  • Dining

    December 27, 2007

    Victory: That Gasoline Smell...

    2007 started with the scent of napalm in the morning

  • Blogs

    August 13, 2007
  • Blogs

    July 12, 2007

    Lone Star Funds' Co-Founder Owns a Castle. Everyone Should, Just Once.

    Ellis Short is co-founder and vice chairman of Dallas-based Lone Star Funds -- you remember, the company that can't seem to get out of trouble with the South Korean government over the Korean Exchange Bank. Turns out, Short, who was a wanted man in South Korea only a few months ago, is also the owne ... More >>

  • Blogs

    June 27, 2007

    Locals Buying Up Steak n Shake -- And We Don't Mean the Food, Neither

    On Monday, a group of Dallas investors represented by Crescent Court-based hedge fund HBK Investments L.P. filed with the Securities and Exchange Commission documents in which it was revealed that a bunch of locals were buying up Steak n Shake -- and not their excellent burgers and fries, mind you, ... More >>

  • Blogs

    March 12, 2007

    Hey, You Remember That Lone Star Funds Deal That Went South in South Korea? Here's Some More Bad News.

    Well, if nothing else we found a different pic of Lone Star Funds' honcho John Grayken. For months, Dallas-based Lone Star Funds has insisted it did nothing wrong when it bought at a low, low price of $1.5 billion the Korean Exchange Bank, which it intended to offload to South Korea's largest financ ... More >>

  • Blogs

    January 23, 2007
  • Dining

    December 28, 2006

    Bones to Pick

    Is the 2006 invasion of culinary foreigners killing off our local character?

  • Dining

    December 14, 2006

    Homey Steak

    Upscale steak houses feel the economic pinch

  • Blogs

    December 12, 2006
  • Blogs

    December 7, 2006

    South Korea Says Lone Star Funds is Guilty. Lone Star Funds Says, "Nuh-unh."

    We never get tired of looking at John Grayken. The Robert Bass protege is one handsome man. John Grayken, chairman of downtown-based Lone Star Funds (you remember them, right?), must have been up all night. South Korean prosecutors, who've been after Lone Star Funds for months concerning its acquisi ... More >>

  • Blogs

    November 24, 2006
  • Blogs

    November 13, 2006

    No Seoul, Brothers

    Lone Star Funds' CEO John Grayken says his people ain't flying to Korea unless they can come back to Dallas, which is unlikely to happen--arrest warrants being what they are and all. Almost from day one, Unfair Park's been following the doings--and undoings--of Lone Star Funds in South Korea; here' ... More >>

  • Blogs

    September 27, 2006

    $4 Billion. That's a Lot of Kim Chee.

    Lone Star Funds Chairman John Grayken asks the question, "Why is everybody always pickin' on me?" Or something like that. Since late March, we've been following the troubles of Dallas-based Lone Star Funds, which has been in hot water with the South Korean government over the sale of Korea Exchange ... More >>

  • Blogs

    September 6, 2006

    Lone Star, Two Raids

    Yesterday, South Korean prosecutors raided this building, the Korean Exchange Bank, for a second time--which apparently means all's going well in Lone Star Fund's sale of the joint. Go here for a brief history of how Lone Star Funds got into trouble with the South Korean government in March. The sho ... More >>

  • Blogs

    August 31, 2006

    From Auction Block to Chopping Block?

    Two weeks ago, The Dallas Morning News ran an Associated Press story in which it was announced that Lone Star Steakhouse & Saloon Inc.--which is, oddly, enough, based out of Wichita, Kansas--was being sold to the Dallas-based private-equity firm Lone Star Funds. ("There is no affiliation between Lon ... More >>

  • Blogs

    May 24, 2006

    Deal or No Deal

    Lone Star Funds' founder John Grayken, at a press conference in Seoul last month to defend his Dallas-based companies in South Korea We've noted a few times in the past how downtown Dallas-based Lone Star Funds wound up in trouble with the South Korean government, which raided Lone Star's offices in ... More >>

  • Blogs

    May 10, 2006

    Korean Barbecue

    At the end of March, we reported about how downtown Dallas-based Lone Star Funds, a powerful international investment firm and equity fund, landed in some kinda big trouble in South Korea. There were myriad allegations of tax evasion and embezzlement and other dirty deeds to the tune of a few billio ... More >>

  • Blogs

    March 30, 2006

    Who Stole the Seoul? Why, a Dallas Company.

    Wuh-oh. Looks like downtown Dallas-based Lone Star Funds, a powerful international investment firm (to the tune of $13 billion, which I think is a lot), is in some kinda big trouble in South Korea. Something to do with tax evasion, embezzlement and "other allegations," which cannot be good. Apparent ... More >>