Judge Keeps McGinn Smith Exec's Trust On Ice

Law360, New York (January 12, 2011, 3:50 PM EST) -- The federal judge overseeing a McGinn Smith & Co. Inc. founder’s $136 million fraud case has blocked a bid to lift the freeze on the assets of a trust in the broker’s name.

Magistrate Judge David R. Homer denied the David L. and Lynn A. Smith Irrevocable Trust’s motion for reconsideration of the asset freeze in the U.S. District Court for the Northern District of New York on Tuesday.

In July, Judge Homer granted the U.S. Securities and Exchange Commission's request for a preliminary injunction barring...
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