Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
BOISE, Idaho (AP) — A subsidiary of a Meridian company once fined by Idaho regulators for misleading investors has filed for bankruptcy.
Federal bankruptcy court filings this month say Hopkins Northwest Fund LLC owes between $1 million and $10 million to between 100 and 200 creditors.
The Idaho Statesman reports (http://bit.ly/1lpWtIM ) the fund lists assets in the same $1 million to $10 million range.
It's the second bankruptcy case in the past five months by a Hopkins Financial Services affiliate. Investors in Hopkins Growth Fund LLC filed a petition for involuntary bankruptcy in November in a case that is still pending.
Hopkins Financial Services was fined $250,000 after the Idaho Department of Finance's securities bureau alleged in 2009 that its owners misrepresented some facts and omitted others in pushing its securities to investors.
___
Information from: Idaho Statesman, http://www.idahostatesman.com
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
