Big names in the consulting industry are objecting to $89 million of claims filed in the bankruptcy of Boca Raton, Fla.-based tech company TLO LLC, the South Florida Business Journal reported yesterday. Jules Kroll, founder of Kroll Inc., and Tom Glocer, former CEO of Thomson Reuters, filed their objection to claims made by a company controlled by the family of deceased TLO founder Hank Asher. Asher’s daughters, Desiree Asher and Carly Asher Yoost, took over TLO as co-CEOs after he died. The Ashers characterize payments made by an investment vehicle, Technology Investors Inc., as loans. But Kroll and Glocer allege that the loans are actually equity investments that should take a back seat to other creditors in the bankruptcy. TLO, which provides data search tools, filed for chapter 11 in May and is represented by Robert Furr of Boca Raton-based Furr & Cohen, PA. Kroll and Glocer are represented by Luis Salazar of Miami-based Salazar Jackson, LLP.
