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(Updates with Munder defendants in third paragraph.)
June 1 (Bloomberg) -- Alberto Vilar and Gary Tanaka, the technology investors convicted in 2008 of a scheme to defraud their Amerindo Investment Advisors Inc. clients, sued Munder Capital Management and two former directors of the Amerindo Technology Fund for $15 million.
Vilar and Tanaka, in a filing yesterday in state court in Manhattan, claim funds belonging to Amerindo were fraudulently transferred. The two-page document, which was filed on behalf of themselves and Amerindo, doesn’t include details of the alleged fraudulent transaction.
After Vilar and Tanaka, Amerindo’s founders, were arrested in 2005, the firm’s board hired Munder Capital to oversee the fund. In addition to Munder Capital, the suit names as defendants John Rutledge and Charles Parker, who were independent directors of the Amerindo Technology Fund, a $103 million mutual fund.
Vilar, 70, was sentenced to nine years in prison and Tanaka, 67, to five years. Prosecutors claimed the men stole $40 million from investors. Vilar, an opera fan and philanthropist, and Tanaka, who owned thoroughbred race horses, are serving their terms in federal prison.
Rutledge didn’t immediately return an e-mail seeking comment. Parker couldn’t be immediately located. Eric Starkman, an outside spokesman for Birmingham, Michigan-based Munder Capital, didn’t immediately return a phone message seeking comment.
David Burger, the lawyer who signed the summons with notice filed yesterday, had no immediate comment on the nature of the dispute.
The case is Vilar v. Rutledge, 651494/2011, New York State Supreme Court, New York Co. (Manhattan).
--Editors: Andrew Dunn, Charles Carter
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