Ex-CEO of Red Hat sues family's financial advisers
The former CEO of Raleigh-based software firm Red Hat Inc. is suing his family's financial advisers, saying they misused $60 million.
Matthew Szulik (ZOO-lik) and his family filed the federal lawsuit in North Carolina against TAG Virgin Islands Inc.
The Szuliks say they wanted their money invested in a conservative portfolio of blue chip stocks and bonds. But they say about $60 million was improperly placed in questionable investments that are now worthless.