Utah Firms Tussle Over $1.5M Bad Investment

Law360, New York (June 15, 2010, 3:22 PM EDT) -- Utah investment firm Opes Capital Group LLC has hit a rival with allegations of securities fraud over an investment deal that went sour when the rival allegedly misappropriated more than $1.5 million of the plaintiff's funds.

Opes Capital Group LLC filed its complaint against Celerity World Capital LLC, Celerity Investments LLC and several related firms and individuals in the U.S. District Court for the District of Utah on Monday, alleging violations of the 1934 Securities Exchange Act of 1934, the Securities Act of 1933, the Utah...
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