Sun Investors Say SEC Suit Running Co. Into Ground

Law360, New York (September 4, 2009, 12:41 PM EDT) -- After a Florida judge barred a receiver from freezing some of Sun Capital Inc.'s accounts, a group of investors with roughly $250 million in three funds run by the company moved to intervene in the case, arguing that the financing company's legal strategy of fighting the U.S. Securities Exchange Commission could leave it without any funds to return to investors.

Annandale Partners LP and a slew of other investors representing roughly 40 percent of the alleged $550 million value of the investment funds in question seek...
To view the full article, register now.