Korean Court OKs Arrest Of Two Lone Star Execs

Law360, New York (November 16, 2006, 12:00 AM EST) -- In a surprise turnaround, a Seoul court has issued arrest warrants for two executives of American private equity group Lone Star Advisors Korea in connection with a probe into the firm’s 2003 acquisition of the Korea Exchange Bank, just weeks after denying prosecutors’ requests to haul the officials into court.

The Seoul Central District Court on Thursday gave the green light to have Lone Star Funds vice chairman Ellis Short and Michael Thomson, the company's general counsel, detained for two days in order to give prosecutors...
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