Creditors' Trustee Sues First Magnus Execs For $1B
By Anne Urda ( February 27, 2009, 12:00 AM EST) -- The former executives of the now-defunct First Magnus Financial Corp. have been smacked with a $1 billion lawsuit by the trustee representing the mortgage company's creditors that accuses it of wasting the money it should have been stockpiling in the event of a crisis....
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