Orrick, Ex-Thornburg Execs Try To Boot Fraud Suit

Law360, New York (May 4, 2010, 3:14 PM EDT) -- Former executives of bankrupt Thornburg Mortgage Inc., along with Orrick Herrington & Sutcliffe LLP and one of the firm's partners, have fired back against a trustee who accused them of conspiring to siphon assets from the ailing company to secretly start a new business venture, breaching confidentiality and other agreements.

Thornburg’s former chairman and CEO Larry A. Goldstone, former Chief Financial Officer Clarence G. Simmons III, Orrick, and partner Karen A. Dempsey said in motions filed Monday in the U.S. Bankruptcy Court for the District of...
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