NOTE: this was written by MetsToday loyal reader and legal consultant Robert Tandy, Esq. It is an overview of what is happening with the Irving Picard case vs. Sterling Equities. Mr. Tandy will keep us posted on developments in the case with periodic updates. -Joe
On February 23, 2012, the ten individual partners of Sterling Equities (the “Sterling Defendants”), their family members, trusts, foundations, and affiliated business entities will move for summary judgment dismissing the Trustee’s remaining causes of action against the Sterling Defendants.
By way of background, the procedural history of the case can be summarized as follows: