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Sorenson Sues Pacificor

Thursday, February 28, 2008
By Indy Staff
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Pacificor, the hedge fund founded by Santa Barbaran Michael Klein, the financial wunderkind killed in an airplane crash on 12/23, is being sued by Stephen Sorenson, CEO of Santa Barbara-based Select Staffing. Sorenson claimed he had an agreement with Klein to withdraw $24 million of trust funds on 1/31; Pacificor claims it can keep the money until 3/31 and is entitled to a four percent fee.

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