Silicon Valley Law Denied Quick Win In Okun Case

Law360, New York (May 6, 2011, 1:25 PM EDT) -- A California federal judge on Thursday refused to throw out class action claims alleging Silicon Valley Law Group aided and abetted convicted Ponzi schemer Edward H. Okun as he ran exchange fund The 1031 Tax Group LLC into the ground.

Depositions indicated that 1031 principals said the 14-lawyer firm knew Okun had refused to provide them with financial information when he sought to buy a unit of the defunct exchange fund called 1031 Advance Inc. with cash, but the firm cleared the transaction anyway, U.S. District...
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