Corporate Resource Management, Inc.

AlphaStar Insurance Group, formerly Stirling Cooke, has reached an agreement to sell its subsidiary, Realm National Insurance Company, to an Atlanta-based company for $8 million.The proposed buyer is Flagship Holdings Inc., according to filings at the U. S. Bankruptcy Court for the Southern District of New York, where AlphaStar is in chapter 11 proceedings.

Collapsed broker AlphaStar Insurance Group may seek compensation from one of its founders, Nicholas Brown, over the alleged mismanagement of the company.In other news, the company has drastically revised a controversial bonus plan to pay bonuses totaling $1.6 million to

The acrimonious, on again, off again proposed purchase of AlphaStar Insurance subsidiary Realm National Insurance Co. by Atlanta Insurance Marketing Inc, of Georgia, has become even uglier.Already subject to legal action between the intended seller and buyer, a new lawsuit