Defunct Carlyle Fund Pushes To Toss Shareholder Suit

Law360, Washington (May 23, 2012, 7:07 PM EDT) -- Defunct mortgage-backed fund Carlyle Capital Corp. asked a Washington federal judge on Wednesday to toss a consolidated shareholder class action, saying it never hid its poor financial condition and claiming the investors missed their chance to sue the fund and its directors years ago.

Carlyle Investment Management LLC, Carlyle Capital directors and independent directors of the fund all requested that U.S. District Judge Amy Berman Jackson dismiss the consolidated class action, claiming that their offering memorandum, supplemental material and quarterly and annual financial filings all included...
To view the full article, register now.

Related

Sections

Case Information

Case Title

PHELPS v. STOMBER et al


Case Number

1:11-cv-01142

Court

District Of Columbia

Nature of Suit

Securities/Commodities

Judge

Amy Berman Jackson

Date Filed

June 21, 2011

Law Firms

Companies

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.