Skip to main content

Originally published Wednesday, February 27, 2013 at 6:25 PM

  • Share:
  • Comments (0)
  • Print

Mastro trustee reaches deal with bank lender

Seattle Times business staff

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >


The court-appointed trustee in Michael R. Mastro’s bankruptcy case has negotiated a compromise with one of the former developer’s bank lenders that will pay $1.3 million to Mastros’ creditors and/or the lawyers representing them.

The deal settles a lawsuit that trustee James Rigby filed in 2011 against Northern Trust Bank, which loaned a Mastro entity $13.7 million in 2007 to pay for insurance policies on Mastro’s life.

The suit sought to recover assets Mastro had transferred to Northern Trust to secure or repay that loan before he entered bankruptcy.

News where, when and how you want it

Email Icon

 Subscribe today!

Subscribe today!

99¢ for four weeks of unlimited digital access.



NDN Video