Met Mortgage May Go After Ex-Ceo's Money; Spokane-Based Company Ponders Suit to Recover $6.7 Million for Creditors
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Summary
SPOKANE (AP) Metropolitan Mortgage & Securities Co. may sue its former chief executive officer and his ex-wife for allegedly taking millions of dollars from the company even as it spiraled toward bankruptcy.
Maggie Lyons, acting CEO of Metropolitan, said the company may try to recover for creditors $6.7 million in special stock redemptions, dividends and salaries paid to C. Paul Sandifur Jr. and Helen Sandifur.See the full content of this document
Extract
Met Mortgage May Go After Ex-Ceo's Money; Spokane-Based Company Ponders Suit to Recover $6.7 Million for Creditors
To do that, Met Mortgage would need to show that the company was insolvent years before it filed for bankruptcy protection o...
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