A US judge has cleared the path for funds from the sale of the Clanwilliam Group to be paid to victims of former shareholder and convicted fraudster Greg Lindberg. Lindberg, a US businessman and investor, pleaded guilty to insurance fraud in a $2 billion (€1.7 billion) scheme last year. Software company Clanwilliam was not a factor in any of these cases but Clanwilliam is considered a “primary restitution asset”, according to court documents, making it an important cog in returning money to Lindberg’s victims. In March, US private equity firm TA Associates announced that it would be acquiring the Irish…
Cancel at any time. Are you already a member? Log in here.
Want to continue reading?
Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.