Litigation
Jul. 16, 2015
Securities fraud settlement held up over claims form issues
A Los Angeles Superior Court Judgedid not sign off on a $3.5 million agreement between investors and accounting firm O'Connor Davies Munns & Dobbins LLP over allegedly misleading hedge fund audit reports.
Daily Journal Staff Writer
A $3.5 million settlement between 55 investors and the accounting firm they accused
of producing misleading hedge fund audit reports that led to $40 million in losses
was stymied Tuesday over concerns that the release language preventing class members
from bringing suit in the future was overbroad.
Los Angeles ...
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