Liquidating trustee cleveland in radiocarbon dating
She claimed the officials breached their fiduciary duties by multiplying the company's debt, hiding Inkstop's financial condition and misstating Ink Stop's financial performance.
That litigation was settled in April 2011 when Twin City Fire Insurance Co., which issued a directors and officers liability policy to Ink Stop, agreed to pay the trustee .5 million to cover that claim.
Among the directors and officers who agreed to the settlement were Mr.
Kettlewell; his wife Dawn, who was an officer and director of Ink Stop; B. and Rite Aid executive; Michael Shaughnessy, a co-founder of Color Matrix Corp.
One lawsuit seeks .5 million in compensatory damages from Skoda Minotti.
All the suits center around allegations that the suing investors were induced to put money into Ink Stop because of various misrepresentations by the defendants.Most of these cases have been consolidated into a single action in the courtroom of visiting judge Michael Corrigan.Robert Anderle has been practicing law for over 27 years, the last 10 of which have been with SSEG.The first major litigation began in August 2010, when Ms.Rabin filed a complaint in Bankruptcy Court against a group of Ink Stop officers and directors.