Thursday, March 15, 2012

Near North board member allegedly warned Businessman told by 3 execs of misconduct, new court filing says

Chicago businessman and Atlanta Braves chairman Bill Bartholomaywas a board member of Near North Insurance in 2000 when three seniorexecutives warned him and others of their concerns about unlawfulconduct and wild spending by the firm, court papers filed Fridayallege.

Michael Segal, then head of the firm, and Segal's wife were amongthose at Near North who responded to the warning by threatening todestroy the three executives, boasting the company would never beprosecuted because of its political ties and saying the firm couldhide its misconduct, the legal papers say.

The papers do not name Bartholomay as one of those making thealleged threats. It is the first time …

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