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.

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