Judge Tosses Claims In Investors' TriCentury Suit

Law360, New York (May 19, 2011, 6:19 PM EDT) -- A Texas federal judge on Tuesday trimmed fiduciary duty claims from a suit accusing TriCentury Corp.'s outside general counsel of stealing $2.5 million in investments meant to fund a proposed bank that never materialized.

Investors seek the return of $1.3 million in startup funds that were allegedly swindled by Kansas attorney Clifford R. Roth and accuse TriCentury of breach of contract, breach of fiduciary duty, conversion and civil conspiracy for its alleged role in the fraud. U.S. District Judge Ron Clark granted a motion for summary...
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