TITLE

Suit Targets Hubert's Private Equity Profits

AUTHOR(S)
MacFadyen, Ken
PUB. DATE
October 2006
SOURCE
Investment Dealers' Digest;10/23/2006, Vol. 72 Issue 40, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the trial between Conseco Finance Corp. and its former CEO Stephen Hilbert for failure to pay the $72 million judgement to Conseco in Indiana. Hilbert's trouble began when he and other company executives borrowed $700 million from the company to buy Conseco stocks. John Menard, the complaint comments that Hilbert had unlawfully transferred ownership of his private equity firm, MH Equity Management to his wife to avoid payment of the $72 million judgement to Conseco.
ACCESSION #
22856424

 

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