Allen Family Notches Win In Forgery Suit Over Ranch Deal

Law360, New York (September 27, 2012, 6:30 PM EDT) -- A New York federal judge on Wednesday tossed Excelsior Capital LLC's suit accusing the late private investment banker Robert Allen's family of forging his signature and wrongly transferring stakes in a $15 million Arizona ranch, ruling that it failed to state a claim.

U.S. District Judge Colleen McMahon dismissed Excelsior's complaint claiming the transfer was done to avoid a $25.3 million judgment owed to it, ruling Allen was the one who technically owed Excelsior money and would have had to have been behind the wrongdoing for...
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