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Dechert Sued Over Payment From Unauthorized Apt. Sale

By Matthew Guarnaccia (August 25, 2016, 4:03 PM EDT) -- A couple who loaned a hedge fund $5 million for two real estate deals sued Dechert LLP in New York state court on Wednesday, seeking to recover a $500,000 retainer that the fund paid to the firm from the proceeds of an unauthorized penthouse apartment sale purchased with the couple's money....

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