Guggenheim Imposter Can't Shake $10M Suit

Law360, New York (April 22, 2011, 5:17 PM EDT) -- An accused grifter busted for posing as a member of the illustrious Guggenheim family failed Friday to derail a $10 million lawsuit in New York alleging he tarnished the famed name through a criminal investment scam.

U.S. District Judge Paul G. Gardephe largely rejected defendant David Birnbaum’s claim that Guggenheim Capital LLC and Guggenheim Partners LLC had failed to support allegations that Birnbaum and his company Dabir International Ltd. tried to dupe wealthy investors by pretending to belong to the Guggenheim clan.

“The second amended complaint...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.