RCT obtains Approval of Settlement in Suit against Directors and Officers of Securities Firm

RCT, special counsel to Yann Geron as Chapter 7 Trustee of Pali Holdings and Pali Capital, a defunct securities firm, obtained court permission to settle a suit commenced against 13 former officers and directors of Pali as well as one company.  The settlement provides for an overall recovery in excess of $5.7 million. The settlement also provides other benefits to the Pali estates, including the disallowance of various related claims filed against the Pali companies.

Prior results do not guarantee a similar outcome.