Korean Court Denies Warrants For Private Equity Execs

Law360, New York (November 3, 2006, 12:00 AM EST) -- Three executives of American private equity group Lone Star Advisors Korea have escaped prosecution by Korean authorities, but one of the company’s executives was not so lucky.

A Seoul court has issued an arrest warrant for Steven Lee, the former country manager for the private equity group, but has denied prosecutors warrants for Lone Star Advisors Korea chief Paul Yoo, Lone Star Vice Chairman Ellis Short and Lone Star General Counsel Michael Thompson.

Regulators alleged that the executives participated in a scheme involving Lone Star and...
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