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Judge Orders Mediation for Goldman and Bayou Creditors

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Bankruptcy Judge Robert Drain ordered mediation between creditors of defunct hedge fund manager Bayou Group LLC and Goldman Sachs Group Inc. in their longstanding fight over $20.7 million, Dow Jones Daily Bankruptcy Review reported today. In an order signed on Monday, Judge Drain sent the two sides to mediation over the money, which Goldman was ordered to pay in June 2010 after an arbitration loss.