Land Investor Asks 9th Circ. To Revive Securities Fraud Suits

Law360, Los Angeles (April 12, 2013, 5:22 PM EDT) -- A real estate investor asked the Ninth Circuit on Friday to revive two putative class actions accusing commercial property investment company Landwin Group LLC and its partners of misappropriating client funds in risky securities, arguing a lower court erred in finding his complaints inadequately pled that they had lied to clients.

At oral arguments in Pasadena, Calif., Andrew M. Wyatt, a lawyer representing investor Michael Kronk and the putative class of 386 investors, argued that Landwin Group in a PowerPoint presentation promised investors returns as high...
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