Suit Over Hedge Fund Bigwig's Tax Shelter Scheme Trimmed

Law360, New York (February 22, 2012, 2:49 PM EST) -- A New York state judge on Wednesday threw out fraud claims brought by a charity accusing an accounting firm and a hedge fund director of helping convicted North Hills Management LLC hedge fund boss Mark Bloom work a $9.75 million criminal tax shelter scheme.

Judge Melvin L. Schweitzer said claims against accountant Brian Zucker, his firm and hedge fund director Victor M. Rosenzweig brought by the Alexander Dawson Foundation charity and its investment arm — and individually by plaintiffs Mario P. Borini, Bianca C. Borini and...
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