Thornburg Execs Come Under Trustee Scrutiny

Law360, New York (September 10, 2009, 2:44 PM EDT) -- The U.S. trustee overseeing the bankruptcy of real estate investment firm TMST Inc., formerly known as Thornburg Mortgage Inc., is pushing to examine three of the company's top executives, saying he has obtained information that suggests the lender's assets may have been misappropriated.

W. Clarkson McDow Jr. filed a motion for a Rule 2004 examination on Wednesday in the U.S. Bankruptcy Court for the District of Maryland, seeking to question CEO Larry Goldstone, Chief Financial Officer Clarence Simmons III and Vice President of Corporate Communications Amy...
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