Lone Star Gives Up On Bank Sale
The decision comes after the Korean Special Prosecutor’s Office indicted KEB and Lone Star for allegedly orchestrating a stock manipulation scheme that allowed the fund to acquire the bank for a below market price.
Korean prosecutors also issued warrants for Lone Star vice chairman Ellis Short and general counsel Michael Thompson in an ongoing investigation...
To view the full article, register now.
Try Law360 FREE for seven days
Already a subscriber? Click here to login