Ex-Lancer Exec Can't Shake Receiver's Clawback Suit

Law360, New York (June 12, 2013, 7:44 PM EDT) -- A Florida federal judge on Tuesday denied a former Lancer Management Group LLC executive's bid to dismiss a 2008 suit seeking to recover alleged fraudulent transfers tied to a multimillion-dollar criminal investment scam, rejecting arguments that the court lacked personal jurisdiction over the case.

The rejection is the latest development in a clawback claims suit filed by a court-appointed receiver for Lancer against several individuals allegedly connected to the group's hedge funds. One of the defendants, former Lancer executive Martin Garvey, sought to dismiss the suit,...
To view the full article, register now.




Case Information

Case Title

Steinberg, et al v. Lauer, et al

Case Number



Florida Southern

Nature of Suit

Other Statutory Actions


Kenneth A. Marra

Date Filed

April 15, 2005

Law Firms

Government Agencies

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.