Ex-Lancer Exec Can't Shake Receiver's Clawback Suit

Law360, New York (June 12, 2013, 7:44 PM ET) -- A Florida federal judge on Tuesday denied a former Lancer Management Group LLC executive's bid to dismiss a 2008 suit seeking to recover alleged fraudulent transfers tied to a multimillion-dollar criminal investment scam, rejecting arguments that the court lacked personal jurisdiction over the case.

The rejection is the latest development in a clawback claims suit filed by a court-appointed receiver for Lancer against several individuals allegedly connected to the group's hedge funds. One of the defendants, former Lancer executive Martin Garvey, sought to dismiss the suit,...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required