Receiver Lodges Suit Against Starr For $35M

Law360, New York (October 28, 2010, 7:45 PM EDT) -- The receiver for Kenneth Ira Starr’s defunct investment firms is suing the convicted fraudster for $35 million in hopes that the judgment will open doors for pursuing assets the disgraced money manager has squirreled away.

The receiver for Starr Investment Advisors LLC and Starr & Company LLC, Aurora Cassirer, filed the suit Wednesday in the Supreme Court of the State of New York, County of New York.

The complaint alleges Starr breached his fiduciary duties to the companies and their clients, using them as “vehicles for...
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