Ruden McClosky Settles Securities Fraud Suit

Law360, New York (May 20, 2010, 7:15 PM ET) -- Florida-based law firm Ruden McClosky Smith Schuster & Russell PA has reached a settlement in a suit brought by a Florida couple that accused the firm of securities fraud over its involvement with a now-derailed development at the Powder Mountain ski resort in Eden, Utah.

Judge Daniel T.K. Hurley of the U.S. District Court for the Southern District of Florida issued an order of final dismissal in the case Thursday. The parties notified the court in April that they had reached a settlement and would seek...
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