Indicted investment fund founder Greg Lindberg is facing civil litigation over claims he illegally converted a wholly owned corporation into a limited liability company to evade a $580 million court judgment.
Lindberg—who’s awaiting a retrial on bribery charges after an appeals court overturned his conviction—violated a court order by unilaterally altering the status of Global Growth Holdings Inc., according to the lawsuit filed in Delaware’s Chancery Court. The company, once valued at more than $1 billion, is now allegedly known as Global Growth Holdings LLC.
The suit was filed Thursday by Universal Life Insurance Co., a Puerto Rico-based company that ...
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