TITLE

Judge rejects USA Capital case settlement

AUTHOR(S)
Edwards, John G.
PUB. DATE
January 2009
SOURCE
Las Vegas Business Press (10712186);1/26/2009, Vol. 26 Issue 4, pP15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that the settlement agreement between investors and USA Capital has been rejected by U.S. District Judge Robert Jones. In April 2006, the mortgage broker failed with $962 million in investments under its management. Majority of the investors voted against investment firm Silar Advisor's proposed settlement despite negotiations conducted by Tom Grimmett, a receiver representing the investors.
ACCESSION #
36588949

 

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