WG Trading Receiver Makes Bid To Recover $150M

Law360, New York (September 21, 2009, 7:28 PM EDT) -- The receiver in two civil cases against broker-dealer WG Trading Co. LP and its two principal managers has asked a judge to give the green light to lawsuits against third parties in an attempt to recover $150 million in assets that allegedly belong to the receivership estate.

In a letter filed Monday with Judge George B. Daniels of the U.S. District Court for the Southern District of New York, receiver Robb Evans & Associates LLC said it had been unsuccessfully attempting to recover the money since...
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