SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
--------------
Under the Securities Exchange Act of 1934
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Hudson Highland Group, Inc.
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(Name of Issuer)
Common Stock, $0.001 par value
------------------------------
(Title of Class of Securities)
443792106
---------
(CUSIP Number)
April 1, 2003
-------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
Page 1 of 16 Pages
SCHEDULE 13G
CUSIP No. 443792106 Page 2 of 16 Pages
- -------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Scoggin Capital Management, L.P. II
- -------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
- -------------------------------------------------------------------------------
3) SEC USE ONLY
- -------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER 5) SOLE VOTING POWER
OF
SHARES 345,000
BENEFICIALLY -------------------------------------------------
OWNED BY 6) SHARED VOTING POWER
EACH
REPORTING 0
PERSON -------------------------------------------------
WITH 7) SOLE DISPOSITIVE POWER
345,000
-------------------------------------------------
8) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
345,000
- -------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|-|
- -------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.0%
- -------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
PN
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CUSIP No. 443792106 Page 3 of 16 Pages
- -------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Scoggin International Fund, Ltd.
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
- -------------------------------------------------------------------------------
3) SEC USE ONLY
- -------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
Commonwealth of the Bahamas
- -------------------------------------------------------------------------------
NUMBER 5) SOLE VOTING POWER
OF
SHARES 345,000
BENEFICIALLY -------------------------------------------------
OWNED BY 6) SHARED VOTING POWER
EACH
REPORTING 0
PERSON -------------------------------------------------
WITH 7) SOLE DISPOSITIVE POWER
345,000
-------------------------------------------------
8) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
345,000
- -------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|-|
- -------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.0%
- -------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
CO
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CUSIP No. 443792106 Page 4 of 16 Pages
- -------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Scoggin, LLC
- -------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
- -------------------------------------------------------------------------------
3) SEC USE ONLY
- -------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------------------------------------------------------------------
NUMBER 5) SOLE VOTING POWER
OF
SHARES 345,000
BENEFICIALLY --------------------------------------------
OWNED BY 6) SHARED VOTING POWER
EACH
REPORTING 100,000
PERSON --------------------------------------------
WITH 7) SOLE DISPOSITIVE POWER
345,000
--------------------------------------------
8) SHARED DISPOSITIVE POWER
100,000
- -------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
445,000
- -------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|-|
- -------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.2%
- -------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
OO
- -------------------------------------------------------------------------------
CUSIP No. 443792106 Page 5 of 16 Pages
- -------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Craig Effron
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
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3) SEC USE ONLY
- -------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
NUMBER 5) SOLE VOTING POWER
OF
SHARES 20,000
BENEFICIALLY -------------------------------------------
OWNED BY 6) SHARED VOTING POWER
EACH
REPORTING 790,000
PERSON -------------------------------------------
WITH 7) SOLE DISPOSITIVE POWER
20,000
-------------------------------------------
8) SHARED DISPOSITIVE POWER
790,000
- -------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
810,000
- -------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|-|
- -------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.5%
- -------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
IN
- -------------------------------------------------------------------------------
CUSIP No. 443792106 Page 6 of 16 Pages
- -------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Curtis Schenker
- -------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
- -------------------------------------------------------------------------------
3) SEC USE ONLY
- -------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
NUMBER 5) SOLE VOTING POWER
OF
SHARES 20,000
BENEFICIALLY --------------------------------------------
OWNED BY 6) SHARED VOTING POWER
EACH
REPORTING 790,000
PERSON --------------------------------------------
WITH 7) SOLE DISPOSITIVE POWER
20,000
--------------------------------------------
8) SHARED DISPOSITIVE POWER
790,000
- -------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
810,000
- -------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|-|
- -------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.5%
- -------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
IN
- -------------------------------------------------------------------------------
CUSIP No. 443792106 Page 7 of 16 Pages
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Alex Schmelzer
- -------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
- -------------------------------------------------------------------------------
3) SEC USE ONLY
- -------------------------------------------------------------------------------
4) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
NUMBER 5) SOLE VOTING POWER
OF
SHARES 1,500
BENEFICIALLY ---------------------------------------------
OWNED BY 6) SHARED VOTING POWER
EACH
REPORTING 0
PERSON ---------------------------------------------
WITH 7) SOLE DISPOSITIVE POWER
1,500
---------------------------------------------
8) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,500
- -------------------------------------------------------------------------------
10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|-|
- -------------------------------------------------------------------------------
11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
- -------------------------------------------------------------------------------
12) TYPE OF REPORTING PERSON
IN
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Schedule 13G
Item 1(a). Name of Issuer:
Hudson Highland Group, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
622 Third Avenue
New York, New York 10017
Item 2(a). Name of Persons Filing:
(i) Scoggin Capital Management, L.P. II
(ii) Scoggin International Fund, Ltd.
(iii) Scoggin, LLC
(iv) Craig Effron
(v) Curtis Schenker
(vi) Alex Schmelzer
(collectively, the "Reporting Persons" and each a "Reporting Person")
Item 2(b). Address of Principal Business Office or, if None, Residence:
Each of the Reporting Persons has a business address at 660 Madison Avenue, New
York, NY 10021.
Item 2(c). Citizenship or Place of Organization:
(i) Scoggin Capital Management, L.P. II
Delaware
(ii) Scoggin International Fund, Ltd.
Commonwealth of the Bahamas
(iii) Scoggin, LLC
New York
(iv) Craig Effron
USA
(v) Curtis Schenker
USA
(vi) Alex Schmelzer
USA
Item 2(d). Title of Class of Securities:
Common Stock, $0.001 par value per share
Item 2(e). CUSIP Number: 443792106
Item 3. If this statement is filed pursuant to ss.ss. 240.13d-1(b), or
240.13d-2(b) or (c), check whether the person filing is a:
(a) |_| Broker or Dealer Registered Under Section 15 of the Act
(15 U.S.C. 78o)
(b) |_| Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c)
(c) |_| Insurance Company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c)
(d) |_| Investment Company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8)
(e) |_| Investment Adviser in accordance with ss.
240.13d-1(b)(1)(ii)(E)
(f) |_| Employee benefit plan or endowment fund in accordance
with ss. 240.13d-1(b)(1)(ii)(F)
(g) |_| Parent Holding Company or control person in accordance
with ss.240.13d-1(b)(ii)(G)
(h) |_| Savings Association as defined in ss.3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813)
(i) |_| Church plan that is excluded from the definition of an
investment company under ss.3(c)(15) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3)
(j) |_| Group, in accordance with ss.240.13d-1(b)(ii)(J)
Item 4. Ownership.
(i) Scoggin Capital Management, L.P. II(1)
(a) Amount beneficially owned: 345,000
(b) Percent of class: 4.0%(2)
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 345,000
(ii) Shared power to vote or to direct the vote: 0
- ------------------------
1 The general partner of Scoggin Capital Management, L.P. II is S&E Partners,
L.P., a limited partnership organized under the laws of Delaware. Scoggin,
Inc., a corporation organized under the laws of Delaware, is the sole
general partner of S&E Partners, L.P. Craig Effron and Curtis Schenker are
the stockholders of Scoggin, Inc.
2 Percentages are based on 8,523,812 shares outstanding, as set forth on the
Issuer's Form 10, filed with the Securities and Exchange Commission on
March 14, 2003.
(iii) Sole power to dispose or to direct the disposition of:
345,000
(iv) Shared power to dispose or to direct the disposition of:
0
(ii) Scoggin International Fund, Ltd.(3)
(a) Amount beneficially owned: 345,000
(b) Percent of class: 4.0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 345,000
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
345,000
(iv) Shared power to dispose or to direct the disposition of:
0
(iii) Scoggin, LLC(4)
(a) Amount beneficially owned: 445,000
(b) Percent of class: 5.2%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 345,000
(ii) Shared power to vote or to direct the vote: 100,000
(iii) Sole power to dispose or to direct the disposition of:
345,000
(iv) Shared power to dispose or to direct the disposition of:
100,000
(iv) Craig Effron
(a) Amount beneficially owned: 810,000
(b) Percent of class: 9.5%
- ---------------------
3 The investment advisor of Scoggin International Fund, Ltd. is Scoggin, LLC.
Craig Effron and Curtis Schenker are the managing members of Scoggin, LLC.
4 Scoggin, LLC is the investment advisor of Scoggin International Fund, Ltd.
and the investment manager for certain discretionary managed accounts.
Craig Effron and Curtis Schenker are the managing members of Scoggin, LLC.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 20,000
(ii) Shared power to vote or to direct the vote: 790,000
(iii) Sole power to dispose or to direct the disposition of:
20,000
(iv) Shared power to dispose or to direct the disposition of:
790,000
(v) Curtis Schenker
(a) Amount beneficially owned: 810,000
(b) Percent of class: 9.5%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 20,000
(ii) Shared power to vote or to direct the vote: 790,000
(iii) Sole power to dispose or to direct the disposition of:
20,000
(iv) Shared power to dispose or to direct the disposition of:
790,000
(vi) Alex Schmelzer(5)
(a) Amount beneficially owned: 1,500
(b) Percent of class: 0%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 1,500
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of:
1,500
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
- ----------------------
5 Alex Schmelzer performs analytic and advisory services for Scoggin Capital
Management, L.P. II.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
A person other than such Reporting Person has the right to receive or the power
to direct the receipt of dividends from, or the proceeds from the sale of, such
securities with respect to the 100,000 shares held in certain discretionary
managed accounts to which Scoggin, LLC is the investment manager
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
Not applicable
Item 8. Identification and Classification of Members of the Group.
Not applicable
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
By signing below the undersigned certifies that, to the best of my
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Scoggin Capital Management, L.P. II
By: S&E Partners, L.P., its General Partner
By: Scoggin, Inc., its General Partner
By: /s/ Curtis Schenker
-----------------------------------
Curtis Schenker, its Chief Executive
Officer
Dated as of April 10, 2003
Scoggin International Fund, Ltd.
By: Scoggin, LLC, its Investment Advisor
By: /s/ Curtis Schenker
----------------------------------
Curtis Schenker, its Managing Member
Dated as of April 10, 2003
Scoggin, LLC
By: /s/ Curtis Schenker
----------------------------------
Curtis Schenker, its Managing Member
Dated as of April 10, 2003
By: /s/ Craig Effron
---------------------------------
Craig Effron
Dated as of April 10, 2003
By: /s/ Curtis Schenker
---------------------------------
Curtis Schenker
Dated as of April 10, 2003
By: /s/ Alex Schmelzer
--------------------------------
Alex Schmelzer
Dated as of April 10, 2003
Exhibit A
Agreement of Joint Filing
Pursuant to 13d-1(k) promulgated under the Securities Exchange Act
of 1934, as amended, the undersigned hereby confirm the agreement by and among
them to join in the filing on behalf of each of them of a Statement on Schedule
13G and any and all amendments thereto, and that this Agreement be included as
an Exhibit to such filing.
This Agreement may be executed in any number of counterparts each of
which shall be deemed to be an original and all of which together shall be
deemed to constitute one and the same Agreement.
IN WITNESS WHEREOF, the undersigned have executed this Agreement.
Scoggin Capital Management, L.P. II
By: S&E Partners, L.P., its General Partner
By: Scoggin, Inc., its General Partner
By: /s/ Curtis Schenker
-------------------------------------
Curtis Schenker, its Chief
Executive Officer
Dated as of April 10, 2003
Scoggin International Fund, Ltd.
By: Scoggin, LLC, its Investment Advisor
By: /s/ Curtis Schenker
-------------------------------------
Curtis Schenker, its Managing Member
Dated as of April 10, 2003
Scoggin, LLC
By: /s/ Curtis Schenker
-------------------------------------
Curtis Schenker, its Managing Member
Dated as of April 10, 2003
By: /s/ Craig Effron
-------------------------------------
Craig Effron
Dated as of April 10, 2003
By: /s/ Curtis Schenker
-------------------------------------
Curtis Schenker
Dated as of April 10, 2003
By: /s/ Alex Schmelzer
-------------------------------------
Alex Schmelzer
Dated as of April 10, 2003