FTN Fights For Docs In Sentinel Trustee's Suit

Law360, New York (June 2, 2011, 2:45 PM EDT) -- FTN Financial Securities Corp. told an Illinois federal court on Wednesday that the bankruptcy trustee for Sentinel Management Group Inc. has refused to turn over documents key to its defense against allegations it bribed Sentinel’s former head trader as part of a securities fraud plot.

FTN Financial said it has repeatedly asked trustee Frederick J. Grede to find and hand over documents held by Sentinel customers who have assigned claims to the trustee, but he has so far made only cursory attempts to comply.

Grede sued...
To view the full article, register now.




Case Information

Case Title

Grede v. Folan et al

Case Number



Illinois Northern

Nature of Suit



Honorable James B. Zagel

Date Filed

November 17, 2008

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.