$350M Suit Delayed As Sentinel Execs, Trustee Talk

Law360, New York (February 5, 2008, 12:00 AM EST) -- A judge in Chicago agreed to put the brakes on a $350 million adversary proceeding that charges three former top executives of bankrupt money manager Sentinel Management Group Inc. with accounting fraud. During the stay, the defendants and the Chapter 11 trustee who filed the suit will try to work out a settlement.

Judge John H. Squires of the U.S. Bankruptcy Court for the Northern District of Illinois signed off on an order pushing back the deadlines for responding to a motion to dismiss as well...
To view the full article, register now.

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.