Couple Sues Ruden McClosky For Securities Fraud

Law360, New York (January 20, 2010, 5:53 PM EST) -- A Florida couple has accused Ruden McClosky Smith Schuster & Russell PA of securities fraud over the firm's involvement with a now-derailed high-end development at the Powder Mountain ski resort project in Eden, Utah.

Arthur and Sue Smith say Ruden McClosky partner Marvin S. Rosen should have told them before they sank $5 million into a development lead by a convicted bank fraudster who allegedly misrepresented certain aspects of the deal, according to the complaint filed Tuesday in the U.S. District Court for the Southern District...
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