Nadel Investors Defend Suit Against Holland & Knight

Law360, New York (July 2, 2009, 12:00 AM EDT) -- Investors suing Holland & Knight LLP for allegedly preparing private placement memoranda used by Florida fund manager Arthur Nadel to operate a $400 million Ponzi scheme are defending their case against a motion to dismiss, while the firm has asked to stay discovery until that motion is resolved.

The investors said in a brief filed Thursday in the U.S. District Court for the Middle District of Florida that the case, which asserts Florida and Delaware state law claims against Holland & Knight, is not preempted by...
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