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Litigation

Jun. 16, 2016

Investor can pursue defendants under alter ego theory

Three out of four individuals accused of bleeding an investment fund dry in 2011 may be pursued for $25 million by plaintiff-investor The Wimbledon Fund, a federal judge ruled Tuesday.

By America Hernandez
Daily Journal Staff Writer

Three out of four individuals accused of bleeding an investment fund dry in 2011 may be pursued for $25 million by plaintiff-investor The Wimbledon Fund, a federal judge ruled Tuesday.

The fourth defendant filed a separate motion to dismiss, which is still pending.

Wimbledon obtained a default judgment in New York state court against the now-defunct Swartz IP ...

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