We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Trust Says Investment Execs Stole From $99M Award

Law360 (April 26, 2011, 8:54 PM EDT) -- Two related investment firms were hit with a shareholder suit in New York on Monday by the trustee of The Acconci Trust, which alleges the companies' managers wrongfully deducted millions from its share of a $99 million award in another lawsuit.

The immediate complaint was filed in New York state court by Liechtenstein-based Walpart Trust Reg., the trustee of The Acconci Trust, which purchased limited partnership interests in Lincolnshire Equity Fund LP and Lincolnshire Equity Partners LP. The defendants are Lincolnshire Management Inc. and Lincolnshire Equity...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.