Sorenson Sues Pacificor
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.
