A judge appoints a trustee to run the liquidation of former jumbo-mortgage leader Thornburg...


A judge appoints a trustee to run the liquidation of former jumbo-mortgage leader Thornburg Mortgage (THMR.PK), after it's discovered that former execs were using the equipment and "virtually all" the staff to launch a new venture. Thornburg filed for one of the year's biggest bankruptcies in May, with $24.4B in assets.
Comments (1)
  • sanimalp
    , contributor
    Comments (28) | Send Message
     
    let me guess, they launched a mortgage servicing venture..
    26 Oct 2009, 06:08 PM Reply Like
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