Receiver For Lancer Fraud Settles With Insider Consultant

Law360, New York (February 7, 2012, 4:38 PM EST) -- The receiver hunting for recoveries from the Lancer Management Group LLC investment fraud reached a settlement in Florida on Tuesday with a consultant accused of coaxing Lancer funds to invest with companies in which he had personal interests.

Marty Steinberg, the receiver for Lancer Management, Lancer Offshore Inc., The OmniFund Ltd. and other funds, filed a motion to approve a settlement and cooperation agreement with Robert D. Maum, whom the receiver sued along with several other insiders for aiding and abetting breach of fiduciary duty, unjust...
To view the full article, register now.




Case Information

Case Title

Securities Exchange v. Lauer, et al

Case Number



Florida Southern

Nature of Suit



Kenneth A. Marra

Date Filed

July 8, 2003

Law Firms

Government Agencies

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.