Judge Saves Investors' Claims In 1031 Fraud Suit

Law360, New York (February 10, 2010, 6:51 PM EST) -- A federal judge has denied a motion by Cordell Consultants Inc. to enforce an injunction issued in the bankruptcy of disgraced money management firm The 1031 Tax Group LLC that would bar investors in a separate case from asserting claims against the consulting firm.

Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York said uesday he would not enjoin the class plaintiffs in the separate case pending in California from proceeding with their claims, as they are direct claims and...
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