June 20, 2012
Greenberg Traurig LLP agreed to pay $61 million Wednesday to settle claims that it aided an alleged Ponzi scheme that bankrupted two companies and led to $900 million in losses when the real estate bubble popped, while a $26.5 million settlement with Quarles & Brady LLP earned preliminary approval.
March 21, 2012
Investors won class certification Tuesday in a case accusing Greenberg Traurig LLP and Quarles & Brady LLP of constructing "a facade of legitimacy" around an alleged Ponzi scheme that led to $900 million in losses and bankrupted two companies when the real estate bubble popped.
March 19, 2012
Quarles & Brady LLP must face allegations it aided and abetted a $200 million securities fraud that allegedly bankrupted Mortgages Ltd., an Arizona federal judge ruled in an investor class action Friday, also dismissing one claim against Greenberg Traurig LLP.
July 12, 2011
Greenberg Traurig LLP on Tuesday demanded access to investment documents that could derail an investor class action in Arizona alleging the firm facilitated a $200 million fraud that bankrupted Mortgages Ltd.
June 09, 2011
An Arizona federal judge on Thursday dismissed securities violations claims against Mortgages Ltd. legal advisors and auditors, but refused to toss claims against Greenberg Traurig LLP, which represented the bankrupt mortgage lender, for its alleged role in a $200 million fraud.
April 01, 2011
A federal judge in Arizona refused Thursday to dismiss a putative class action alleging the management of bankrupt mortgage lender Mortgages Ltd. and its collapsed business partner Radical Bunny LLC perpetuated a $200 million securities fraud.