Defunct Carlyle Fund Pushes To Toss Shareholder Suit

Law360, Washington (May 23, 2012, 7:07 PM EDT) -- Defunct mortgage-backed fund Carlyle Capital Corp. asked a Washington federal judge on Wednesday to toss a consolidated shareholder class action, saying it never hid its poor financial condition and claiming the investors missed their chance to sue the fund and its directors years ago.

Carlyle Investment Management LLC, Carlyle Capital directors and independent directors of the fund all requested that U.S. District Judge Amy Berman Jackson dismiss the consolidated class action, claiming that their offering memorandum, supplemental material and quarterly and annual financial filings all included...
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