Orange County : Educator Investment Company Hearing:
From Times Staff and Wire Reports
Orange County Superior Court Judge Richard W. Luesebrink is scheduled to decide Wednesday whether to appoint a receiver to take over management of Teachers Management & Investment Corp., the investment fund that raised at least $500 million, mostly from educators throughout California. A lawsuit filed Aug. 23 by four investors claims TMI is insolvent and that operators of the fund lost about $100 million through fraud and mismanagement.
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