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

|About: Thornburg Mortgage Inc. (THMR)|By:, SA News Editor

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.