Judge Appoints Trustee In Sentinel Bankruptcy

Law360, New York (August 23, 2007, 12:00 AM EDT) -- A federal judge on Thursday granted bankrupt money manager Sentinel Management Group Inc. its request to appoint a trustee to oversee the firm’s operations.

Judge John H. Squires of the U.S. Bankruptcy Court for the Northern District of Illinois granted Sentinel’s emergency motion to appoint a trustee, two days after it was issued by the bankrupt firm. Sentinel claimed that a trustee was appropriate after recent legal action from the National Futures Association and the U.S. Securities and Exchange Commission left the company unable to manage...
To view the full article, register now.