Barnes & Thornburg Atty Not Immune In Fund Row: Plaintiffs

Law360, New York (January 23, 2013, 6:41 PM EST) -- A Barnes & Thornburg LLP partner serving as receiver for investment adviser The Nutmeg Group LLC can't hide behind "quasi-judicial immunity" to get out of a $50 million derivative suit alleging she mismanaged Nutmeg's investment pools, investors argued Wednesday. 

Barnes & Thornburg's Leslie J. Weiss, who was tapped as the receiver in 2009 after the U.S. Securities and Exchange Commission accused Nutmeg and its founder and managing member Richard Goulding of not properly segregating investor funds, couldn't use alleged immunity to avoid a suit brought by...
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