7th Circuit: $312M Loan In Sentinel Bankruptcy Not Obtained Through Fraud

7th Circuit: $312M Loan In Sentinel Bankruptcy Not Obtained Through Fraud

CHICAGO - A panel of the Seventh Circuit U.S. Court of Appeals on Aug. 9 ruled that the liquidation trustee in the Chapter 11 bankruptcy proceeding of an investment management company failed to show that fraud had been committed in connection with a $312 million loan it obtained from the Bank of New York Mellon (In Re:  Sentinel Management Group Inc.,  No. 11-1123, Chapter 11, 7th Cir.).

Find full version on lexis Advance®
Access this news story on lexis.com®