Barnes & Thornburg Partner Sued Over Receivership Role

Law360, New York (September 17, 2012, 11:09 PM EDT) -- A host of limited partners in funds formerly managed by The Nutmeg Group LLC launched a derivative suit Friday claiming a Barnes & Thornburg LLP partner tapped to act as receiver violated financial regulations and mismanaged the funds, costing investors upward of $50 million.

Filed in Illinois federal court, the 131-page complaint alleges Barnes & Thornburg partner Leslie J. Weiss failed to issue quarterly statements required by federal regulations, neglected to notify the investors of their rights as limited partners, and ignored her appointed duty to...
To view the full article, register now.




Case Information

Case Title

Alonso v. Weiss et al

Case Number



Illinois Northern

Nature of Suit



Honorable Joan H. Lefkow

Date Filed

September 14, 2012

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.