Sentinel execs to settle up
The top two Sentinel Management Group executives will appear in
court on June 9 to settle their lawsuit with the cases
Sentinels founder and chairman, Phillip Bloom, and his
son who served as CEO, Eric Bloom, are expected to agree to pay
a $10.7m settlement to various customers of the now bankrupt
firm. On June 10, a distribution plan is expected to be mapped
out in court.
The case will adopt a two-step process, which first involves a
disclosure statement that describes the Sentinel saga and then
follows up with a distribution plan that details how funds will
be parsed out to various parties.
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