Trust Says Investment Execs Stole From $99M Award

Law360, New York (April 26, 2011, 8:54 PM EDT) -- Two related investment firms were hit with a shareholder suit in New York on Monday by the trustee of The Acconci Trust, which alleges the companies' managers wrongfully deducted millions from its share of a $99 million award in another lawsuit.

The immediate complaint was filed in New York state court by Liechtenstein-based Walpart Trust Reg., the trustee of The Acconci Trust, which purchased limited partnership interests in Lincolnshire Equity Fund LP and Lincolnshire Equity Partners LP. The defendants are Lincolnshire Management Inc. and Lincolnshire Equity...
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