Sentinel Execs Settle Fraud Suit For $10.7M

Law360, New York (May 19, 2008, 12:00 AM EDT) -- Several former executives of bankrupt Sentinel Management Group Inc. have agreed to pay a total of $10.7 million to end a $350 million suit alleging they perpetrated the fraud that brought down the capital management firm.

Former Sentinel founder and chairman Philip Bloom; his son, former Sentinel Chief Executive Officer Eric Bloom; and a handful of other defendants have agreed to pay $10.7 million to Sentinel's estate, according to court documents filed on Friday in the U.S. Bankruptcy Court for the Northern District of Illinois....
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