On a different note, the sale would also mean another scalp for Elliott Management.
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In a typical move for the activist investor, Elliott Management recently purchased shares of Hess Corp.
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Among the buyers was a fund run by Elliott Management, a New York-based outfit with a history of wringing money out of bankrupt countries.
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Hess made a modest concession to the activist investors staging a proxy fight Friday, but hedge fund Elliott Management says the move is an empty gesture.
The gathering included Republican stalwarts such as Paul Singer of Elliott Management and Dan Senor of Rosemont Capital, but also some more recent Republican donors such as Bruce Kovner of Caxton Associates.
Earlier this year in a letter to shareholders, Elliott Management accused the Hess board of "poor oversight" of management for "over a decade of failures, " and revealed a 4 percent stake in the company.
Nevertheless, Wolk on Wednesday had his lawyers, who are partly being financed by Elliott Management, arrange for Lee to be served with a subpoena to testify in a deposition and turn over documents this month.
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The head of Elliott Management warned of the massive levels of leverage at major global banks, and at the perils of quantitative easing which is masked money printing, telling investors to be weary of holding U.S., European, or Japanese bonds.
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In its battle against Argentina over defaulted bonds, Elliott Management has worked to seize sovereign assets, successfully convincing the government of Ghana last year to take possession of an Argentine naval vessel, much to the dismay of President Cristina Fernandez de Kirchner.
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Elliott Management declined to comment.
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Mona Scott-Young is a former hip-hop dancer who later managed hit-making producers Trackmasters before becoming one of the most influential women in music, overseeing the careers of Missy "Misdemeanor" Elliott, Busta Rhymes, Maxwell and Fantasia at Violator Management.
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