Supreme Court Refuses To Hear Conseco Appeal

Law360, New York (October 3, 2006, 12:00 AM EDT) -- The U.S. Supreme Court refused Monday to hear the appeal of Conseco Inc. co-founder Stephen Hilbert, who a lower court had ordered to repay more than $80 million in loans.

Conseco attorney Reed Oslan, a partner with Kirkland & Ellis LLP, said Tuesday that the company was pleased, and intends to recover all of what it is owed.

The once-highflying financial services company has claims pending in Indiana and Chicago to recover the loans, including millions that it says Hilbert fraudulently transferred to his wife....
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