Litigation
Aug. 28, 2015
Judge approves $3.5M settlement
O'Connor Davies Munns and Dobbins LLP agreed to pay $3.5 million to settle claims that its misleading audits on a fraudulent hedge fund caused millions in investment losses.
Daily Journal Staff Writer
LOS ANGELES - A state civil judge on Wednesday preliminarily approved a $3.5 million
settlement between a group of about 55 investors and the New Jersey accounting firm
they say produced misleading audits on a hedge fund involved in Ponzi schemes.
The investors collectively lost $40 million between 2004 and 2008, but the...
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