MarketXT Fraud Case Against Colo. Law Firm Tossed

Law360, New York (March 17, 2010, 4:56 PM EDT) -- A Colorado law firm will not have to face claims that it helped the former CEO of MarketXT Holdings Corp. defraud the company of millions of dollars in stock following a federal judge's ruling that the claims came too late.

Judge Lewis A. Kaplan of the U.S. District Court for the Southern District of New York ruled Monday that MarketXT's breach of fiduciary duty and fraud claims against Engel & Reiman PC and two of its shareholders, Barry S. Engel and Edward D. Brown, could not...
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