Teachers Management & Investment Corp.: A spokeswoman...
Teachers Management & Investment Corp.: A spokeswoman for the Newport Beach investment fund said Friday that the company’s receivership hearing first set for next week has been postponed to Sept. 19.
A lawsuit was filed against the company on Aug. 23 seeking appointment of a receiver and alleging that the company is insolvent and has lost $100 million of investors’ funds through fraud.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.