U.S. Attorney Tries To Secure Friedman's Cash

Law360, New York (April 30, 2008, 12:00 AM EDT) -- The U.S. Attorney's Office for the Eastern District of New York has moved to collect $1 million that a unit of bankrupt jewelry retailer Friedman's Inc. has not paid as part of a nonprosecution agreement for alleged securities fraud.

In a motion filed Tuesday in the U.S. Bankruptcy Court for the District of Delaware, the government asks a judge to declare that the money owed by Friedman's unit Crescent Jewelers is excluded from discharge in the case.

The U.S. attorney's office alleges that between 2001 and...
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