$50M Final Judgment Settles MRT Securities Suit

Law360, New York (August 11, 2009, 2:03 PM EDT) -- Plaintiffs representing a class of investors who claim they were victimized in a Ponzi scheme related to foreign currency trading have reached a settlement with MRT Holdings LLC for the entry of a final judgment of $50 million.

In a motion filed Monday in the U.S. District Court for the Southern District of Florida, the plaintiffs said the class representatives had reached a settlement under which the defendants have agreed to the final judgment's entry; cooperation to help locate the missing money, including turning over business...
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