Sentinel Criminal Case Will Take Priority Over SEC Suit

Law360, Chicago (June 28, 2012, 2:01 PM EDT) -- An Illinois federal judge stayed the U.S. Securities and Exchange Commission's long-running civil suit accusing two former Sentinel Management Group Inc. executives of fraud on Thursday, saying the weeks-old criminal case charging the two with running a $500 million fraud scheme should proceed first.

U.S. District Judge Charles P. Kocoras raised the issue of a stay himself at a hearing in the SEC's suit, saying the criminal case that prosecutors initiated on May 31 against former Sentinel President and CEO Eric Bloom and ex-Senior Vice President...
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