Ex-Diagnostic Ventures Exec Ducks Fraud Claims

Law360, New York (August 13, 2013, 5:02 PM EDT) -- A Pennsylvania federal judge Tuesday cleared a former director at bankrupt medical-property developer Diagnostic Ventures Inc. of fraud claims, freeing him from a lawsuit filed by six institutional investors against the former firm's executives.

The summary judgment is the latest in a series of exonerations of DVI execs of responsibility for the fraud. Judge Legrome D. Davis said there is no evidence that Gerald L. Cohn, a former director on DVI's credit committee, had anything to do with misleading investors leading up to the 2003 bankruptcy....
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