TMST Execs Lose Bid To Appeal Trustee's Document Access

Law360, New York (May 26, 2011, 7:38 PM EDT) -- A Maryland federal judge on Wednesday denied a request from two former TMST Inc. executives to appeal orders allowing the bankrupt real estate investment trust's Chapter 11 trustee access to millions of pages worth of information related to an alleged scheme to launch a new business.

U.S. District Judge J. Frederick Motz refused to let TMST's former CEO Larry Goldstone and former Chief Financial Officer Clarence Simmons file an appeal in the bankruptcy proceeding, saying their motion challenging a Dec. 16 order was time-barred.

Goldstone and...
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