Orange County : Educator Investment Company Hearing:
- Share via
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.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
